GRIG AND OANA LIMITED

Executive Summary

Grig And Oana Limited is a micro-sized, recently established freight transport company with a clean but minimal balance sheet and stable cash position. The company is able to meet short-term liabilities and shows no compliance issues, but limited scale and financial buffers suggest cautious credit support. Close monitoring of cash flow and operational growth is recommended.

GRIG AND OANA LIMITED - Analysis Report

Company Number: 14252860

Analysis Date: 2025-07-20 14:11 UTC

1. Credit Opinion: APPROVE with caution. Grig And Oana Limited is a recently incorporated (2022) small private limited company engaged in freight transport by road (SIC 49410). The company demonstrates modest but stable net assets and working capital. There are no overdue filings, no audit exemptions issues, and no director misconduct records. However, the company has minimal operational scale (no employees reported) and small cash balances, indicating limited financial buffer. The director is also the sole significant controller, which concentrates management risk. Overall, the company appears capable of meeting short-term obligations but should be monitored closely as it grows.

2. Financial Strength: Balance sheet strength is modest but positive. Net assets stand at £2,891 with net current assets of £2,891 as well, reflecting a clean short-term liquidity position. Shareholders' funds have slightly decreased from £2,963 in 2023 to £2,891 in 2024, reflecting a minor reduction in retained earnings (£2,863 to £2,791). The company holds no fixed assets or long-term liabilities reported. Current liabilities are low (£775), consisting mainly of a director loan (£767) and a small tax creditor (£8). The balance sheet shows no gearing or external debt, reducing financial risk.

3. Cash Flow Assessment: Cash at bank is stable but low (£3,666), essentially unchanged over the last two years. The company has a positive working capital position with current assets (mainly cash) comfortably exceeding current liabilities. The presence of a director loan indicates some internal financing support. There are no employees, so operating expenses may be minimal, but also no significant revenue or operating cash flow disclosed in accounts. Without detailed P&L or cash flow statements, liquidity appears adequate but very limited, suitable for a micro-business with low activity.

4. Monitoring Points:

• Cash balances and working capital trends to ensure continued liquidity.
• Changes in current liabilities, particularly director loans or new external borrowings.
• Operational scale and revenue growth, as the company currently has no employees and limited financial activity.
• Retained earnings and profitability trends once full accounts including P&L are available.
• Director conduct and any changes in ownership/control given single-person control.
• Timely filing of accounts and confirmation statements to avoid compliance risk.