GRENO HOLDINGS LIMITED

Executive Summary

Greno Holdings Limited displays a solid balance sheet with growing net assets supported mainly by investment holdings. While liquidity appears adequate currently, limited cash reserves and lack of trading profitability data warrant cautious credit approval with ongoing monitoring of cash flow and investment valuations. The company’s short operating history suggests prudent oversight to confirm sustainable debt servicing capacity.

GRENO HOLDINGS LIMITED - Analysis Report

Company Number: 13897295

Analysis Date: 2025-07-29 18:02 UTC

Credit Opinion:
APPROVE with caution. Greno Holdings Limited demonstrates a positive net asset position and modest working capital surplus, indicating capacity to meet short-term liabilities. However, the company’s limited operating history (incorporated in 2022) and reliance on investment assets rather than trading cash flows suggest that ongoing financial performance and liquidity should be closely monitored. The absence of profit and loss details restricts full assessment of operational profitability and cash generation.

Financial Strength:
The company’s balance sheet as at 31 July 2024 shows net assets of £116,216, up from £43,972 the previous year, reflecting growth in equity primarily driven by an increase in the fair value reserve linked to investment holdings (notably a Rathbones investment portfolio of approximately £1.34 million). Current liabilities stand at £1.2 million, nearly stable year-on-year, while current assets increased to £1.35 million. The net current assets position is positive at £153,104, providing a buffer over short-term obligations. Share capital is minimal (£100), indicating a small equity base, but the assets backing the liabilities are mainly investment holdings rather than operational assets.

Cash Flow Assessment:
Cash on hand is low at £17,988, down from £30,398 last year, indicating limited liquid cash resources. Current liabilities are substantial at £1.2 million, almost entirely classified as “other creditors,” which may reflect payables or short-term financing arrangements. Given the company’s investment asset base, liquidity risk exists if investments cannot be readily liquidated without loss. The positive net current assets and fair value reserve cushion mitigate immediate liquidity concerns, but the company’s ability to generate operating cash flow remains unclear due to missing profit and loss data.

Monitoring Points:

• Monitor the company’s cash flow statements and operating profitability once available to ensure sustainable debt servicing capacity.
• Watch for fluctuations in the value and liquidity of the investment portfolio, as this underpins the company’s asset base.
• Review changes in current liabilities, particularly the nature and timing of “other creditors,” to assess short-term funding pressures.
• Track any developments in shareholder equity and retained earnings to evaluate financial trajectory and resilience.
• Stay alert to filing compliance and director changes, although currently filings are up to date and management appears stable.