Company Number: 12791067

Analysis Date: 2025-07-20 16:26 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. Dhoopi Ltd is an active private limited company operating in the licensed restaurant sector. The company shows improving liquidity and working capital in the latest year, moving from a net current liability position to a positive net current asset balance. However, persistent net liabilities (negative equity) over multiple years indicate ongoing accumulated losses. While short-term liquidity has improved, the negative shareholders' funds and relatively small asset base suggest limited financial resilience. Approval for credit facilities may be considered on a conditional basis, subject to ongoing monitoring of profitability and capital structure improvement.

2. Financial Strength: The balance sheet reveals a micro-entity with total net liabilities of £10,347 as at 31 July 2024, improved from £23,802 net liabilities the year prior. Current assets increased to £20,257, exceeding current liabilities of £18,076, resulting in positive net current assets of £2,181. The company has no significant fixed assets, and the minimal share capital of £100 indicates limited equity buffer. The accumulated losses reflected in negative shareholders' funds weaken overall financial strength and imply the company has relied on external funding or creditor support to operate.

3. Cash Flow Assessment: The positive net current assets position in 2024 indicates improved short-term liquidity and working capital management compared to prior years. Current assets primarily consist of cash and receivables sufficient to cover short-term obligations, improving the company’s ability to meet immediate liabilities. However, the company’s small scale and negative equity position suggest cash flow remains tight, and any adverse trading conditions could quickly strain liquidity. There is no audit or detailed cash flow statement available, limiting deeper cash flow visibility.

4. Monitoring Points:

• Profitability Trends: Watch for sustained movement into profit and reduction of accumulated losses.
• Equity Position: Track any capital injections or debt restructuring to improve net asset position.
• Liquidity Ratios: Monitor current ratio and quick ratio regularly to ensure ongoing ability to meet short-term liabilities.
• Trade Payables and Creditors: Assess if supplier payment terms remain stable or if delays increase.
• Employee Count: Changes in headcount may indicate operational scaling or distress.
• Filing Timeliness: Ensure continued compliance with filing deadlines to avoid regulatory risk.