HAFNOM MEDICAL LTD

Executive Summary

HAFNOM MEDICAL LTD is a small, micro-entity operating in general medical practice with a stable but declining net asset position. The company maintains positive working capital and complies with filing obligations, indicating low immediate financial risk. However, limited disclosure and shrinking equity warrant further investigation into operational sustainability and profitability.

HAFNOM MEDICAL LTD - Analysis Report

Company Number: 12784328

Analysis Date: 2025-07-29 19:15 UTC

1. Risk Rating: LOW
   HAFNOM MEDICAL LTD demonstrates a stable financial position with positive net current assets and net assets over the past four years. The company is compliant with filing deadlines and maintains a modest but positive working capital, indicating low immediate solvency or liquidity risks.

2. Key Concerns:

• Declining Net Assets: Net assets have decreased from £110,823 in 2020 to £49,983 in 2023, which may warrant monitoring for potential erosion of capital.
• Limited Scale and Resources: Being a micro-entity with only two employees and minimal share capital (£1) suggests limited operational scale and financial buffer.
• Lack of Detailed Financials: Micro-entity accounts provide minimal detail on profitability, cash flows, or contingent liabilities, limiting comprehensive risk assessment.

3. Positive Indicators:

• Positive Working Capital: Current assets consistently exceed current liabilities, indicating the company can meet short-term obligations.
• Up-to-date Filings: Both accounts and confirmation statements are filed on time, reflecting good regulatory compliance and governance.
• Stable Management: The sole director, Mr. Noman Mohamed, has been in position since incorporation with no adverse records reported.

4. Due Diligence Notes:

• Investigate the reason for the steady decline in net assets over four years to assess sustainability of operations.
• Review profit and loss data, cash flow statements, and any off-balance sheet liabilities not captured in micro-entity filings.
• Confirm details of business activities and contracts to evaluate operational risks inherent in general medical practice activities.
• Verify if there are any contingent liabilities, ongoing litigation, or regulatory issues not disclosed in simplified accounts.