Company Number: NI696413

Analysis Date: 2025-07-29 14:06 UTC

1. Risk Rating: LOW
   Hanella Ltd is a recently incorporated company (April 2023) with its first set of accounts filed timely and no overdue returns. The balance sheet shows positive net current assets and shareholders' funds, indicating solvency at this early stage. There are no indications of liquidation or administration.

2. Key Concerns:

• Limited Operating History: With only 18 months of trading, the company’s operational stability and revenue generation capacity are still unproven.
• Small Scale: The company qualifies as a small entity with no employees and modest assets, which could limit its ability to absorb shocks or scale quickly.
• Director Turnover: Two initial directors resigned in October 2024 and were replaced, which may warrant further inquiry into governance or operational continuity.

3. Positive Indicators:

• Positive Net Current Assets (£8,538) and cash balance (£10,401) suggest adequate short-term liquidity.
• Timely filing of accounts and confirmation statements demonstrates compliance with statutory requirements.
• Shareholders’ funds equal net assets, implying no hidden liabilities or accumulated losses as of the last accounting date.
• The company operates in management consultancy, a service industry with relatively low fixed costs.

4. Due Diligence Notes:

• Investigate the reasons behind the director resignations in October 2024 and the impact on company strategy or control.
• Review the company's income statement and cash flow (not yet filed or disclosed) to assess revenue generation and operational cash flows.
• Confirm the identity and control structure of the significant shareholders, particularly the concentration of control among related individuals named Glover.
• Monitor future accounts for evidence of sustained profitability and working capital management as business activities develop.