HASHMIZ LTD

Executive Summary

HASHMIZ LTD is a very small, micro-entity online retail company with minimal equity and currently tight liquidity reflected by a slight working capital deficit. While the company remains compliant and operational, its financial position is fragile with limited asset backing and cash flow cushion. Credit approval is possible but should be conditional on close financial monitoring and risk mitigation measures due to the constrained financial strength and working capital pressures.

HASHMIZ LTD - Analysis Report

Company Number: 13166859

Analysis Date: 2025-07-29 18:58 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   HASHMIZ LTD is a micro-entity operating in online retail sales since 2021. The company shows a very modest net asset base (£573 as of Jan 2024) with a small positive but fragile equity position after previously reporting a net liability in 2023. The negative net current assets in 2024 (£1,795) indicate the company’s current liabilities slightly exceed its current assets, suggesting tight short-term liquidity. While the company remains active and compliant with filings and has no overdue accounts or returns, the limited scale of operations and absence of employees imply limited operational complexity. The credit risk is mitigated by the absence of director disqualifications and consistent filing but remains elevated due to the minimal financial buffer and working capital constraints. Approval could be considered with conditions such as close monitoring and possibly requiring personal guarantees or other credit enhancements.

2. Financial Strength:
   The balance sheet shows very low fixed assets (£2,368) and current assets (£46,529) relative to current liabilities (£48,324). The company’s net assets have improved slightly from negative £239 in 2023 to positive £573 in 2024 but remain marginal. Shareholders’ funds are minimal (£573), reflecting a very small equity base. The company’s micro classification and zero employees indicate a small-scale operation, likely owner-managed. The decrease in fixed assets and fluctuating net current assets suggest limited investment capacity and potential challenges in asset backing.

3. Cash Flow Assessment:
   The current assets are mostly likely trade receivables and cash, but current liabilities slightly exceed current assets, indicating a working capital deficit in 2024. This points to potential liquidity pressure in meeting short-term obligations. The absence of employees reduces payroll burden, but the company must carefully manage cash inflows and outflows. No explicit cash flow statements are provided, but the balance sheet points to tight liquidity and a reliance on ongoing cash generation or owner support to service debts.

4. Monitoring Points:

• Net current assets and liquidity position: Watch for improvements or deterioration in working capital ratios.
• Profitability trends: Monitor for sustained profitability to build equity and strengthen balance sheet.
• Timely filing of accounts and returns to maintain compliance and transparency.
• Any changes in director or ownership structure which may impact governance or risk profile.
• External credit references or trade payment history to assess payment behavior.