Company Number: 13127625

Analysis Date: 2025-07-20 11:16 UTC

1. Credit Opinion:
   CONDITIONAL APPROVAL. FIRMA KRZAK LTD is a micro-entity with limited financial data and a history of net liabilities. The company remains active but shows recurring negative net assets, indicating an ongoing equity deficit. Recent financials show improvement but still reflect a weak balance sheet. The company’s ability to service debt is uncertain and depends on continued operational improvement and capital support. Approval is conditional on obtaining updated financial forecasts and evidence of cash flow improvements.

2. Financial Strength:
   The balance sheet exhibits net liabilities of £3,566 as of 31 January 2024, an improvement from negative £6,566 the prior year but still indicating an equity shortfall. Fixed assets are minimal (£764), and current liabilities remain steady at £7,580. Current assets increased to £3,250 but are insufficient to cover short-term liabilities, resulting in a negative working capital position. Shareholders’ funds remain negative, indicating the company has not yet achieved sustainable profitability or capitalisation.

3. Cash Flow Assessment:
   Current assets and liquidity are weak, with a net current liabilities position of -£4,330. This suggests potential short-term cash flow constraints. The company operates with only one employee, which may limit overheads but also reflects limited operational scale. There is no information on cash balances or turnover, making it difficult to assess cash generation capability. Close monitoring of debtor collections, creditor management, and cash flow forecasts is required to ensure the company can meet obligations.

4. Monitoring Points:

• Improvement or deterioration in net assets and shareholders’ funds in future filings.
• Changes in current assets and liabilities to track liquidity trends.
• Cash flow statements or management accounts to verify operational cash generation.
• Director changes and PSC control shifts, as recent appointments suggest potential restructuring.
• Timely filing of accounts and confirmation statements to maintain transparency.