Company Number: 15835082

Analysis Date: 2025-07-20 12:23 UTC

1. Risk Rating: LOW
   HAMNA MANAGEMENT LTD demonstrates strong net assets relative to its size and no current liabilities, indicating a solid solvency position. The company is newly incorporated and classified as a micro-entity with no overdue filings, suggesting good compliance and operational discipline so far.

2. Key Concerns:

• Very recent incorporation (July 2024) means limited operating history and financial track record to fully assess sustainability.
• The company currently has zero employees, which may imply dependence on external resources or limited operational scale.
• Ownership is partially held (25-50%) by a corporate holding company (Afifi Holdings Ltd), which warrants scrutiny regarding ultimate control and related party transactions.

3. Positive Indicators:

• Strong net current assets of approximately £469k and total net assets of £471k provide a comfortable buffer above liabilities.
• Timely filing of accounts and confirmation statement with no overdue returns indicates good regulatory compliance.
• The company operates as a holding company (SIC 64209), which often entails lower operational risk compared to trading entities.
• Director and corporate director appointments are clearly documented with no disqualifications or adverse records noted.

4. Due Diligence Notes:

• Verify the nature and source of current assets (£457k), particularly cash or receivables, to assess liquidity quality.
• Investigate the business plan and revenue model since the company is newly formed with limited staff and no reported turnover.
• Review relationships and transactions with Afifi Holdings Ltd to understand control dynamics and any related party risks.
• Confirm the completeness and accuracy of financial statements given the exemption from audit and micro-entity filing status.