IBOKEH LTD

Executive Summary

Ibokeh Ltd is a newly formed micro-business with very limited financial resources and a fragile balance sheet primarily supported by a director’s loan. The company lacks operating cash flow and tangible assets to support credit exposure, resulting in a high-risk profile for lending. Credit facilities should be declined or tightly limited until financial stability and operational performance improve.

IBOKEH LTD - Analysis Report

Company Number: 14457976

Analysis Date: 2025-07-29 12:51 UTC

1. Credit Opinion: DECLINE. Ibokeh Ltd is a newly incorporated small private company with minimal financial history and very limited net assets (£54). The company shows a negligible working capital surplus and has a director's loan of £603 included in debtors, indicating reliance on director funding rather than external revenue generation. Current liabilities are largely corporation tax (£904) and accruals. Without meaningful operating cash flow or tangible assets, the ability to service debt or credit facilities is very weak at this stage. The company’s financial scale and history do not support extending credit beyond perhaps a small, tightly controlled facility.

2. Financial Strength: The balance sheet is extremely thin, with net assets of only £54. Current assets total £1,318, offset by current liabilities of £1,264, resulting in a marginal net current asset position of £54. The company has no fixed assets and relies heavily on a director's loan (£603) as a debtor, which is unsecured and repayable on demand. Shareholders’ funds stand at £54, indicating very limited equity investment. The absence of tangible assets and the predominance of tax liabilities show a fragile financial structure.

3. Cash Flow Assessment: Cash on hand is only £715, which is insufficient to cover current liabilities of £1,264. The company appears reliant on the director’s loan account for liquidity. There is no evidence of operating cash flow generation; turnover and profit figures are not disclosed, but the small scale and net asset position suggest negligible operating cash inflow. Working capital is virtually zero, raising concerns about the company’s ability to meet short-term obligations without additional funding support.

4. Monitoring Points:

• Monitor the company’s ability to generate operating revenue and positive cash flows.
• Track corporation tax and other tax liabilities to ensure timely payment.
• Watch director loan account movements for signs of repayment or additional funding.
• Review future filed accounts for growth in net assets and equity injection.
• Observe any changes in credit terms and payment behaviour with suppliers.