JONATHAN SIMKHAI INC LTD

Executive Summary

Jonathan Simkhai Inc Ltd is a newly formed micro private limited company with a weak financial position, negative net assets, and no operational revenue or employees. Its current balance sheet insolvency and lack of cash flow generation capacity make it unsuitable for credit extension at this stage. Continued monitoring of capital structure and operational progress is advised before reconsidering credit facilities.

JONATHAN SIMKHAI INC LTD - Analysis Report

Company Number: 15043070

Analysis Date: 2025-07-29 15:51 UTC

1. Credit Opinion: DECLINE
   Jonathan Simkhai Inc Ltd is a recently incorporated micro-entity with significant negative net assets (£-42,151) and no employees, reflecting a lack of operational scale and financial strength. The company shows net liabilities and negative shareholders’ funds, indicating it is currently insolvent on a balance sheet basis. Without any turnover or positive working capital reported, its immediate capacity to meet debt obligations is highly questionable. The absence of an audit or profit and loss statement further limits insight into cash generation or revenue prospects. Given this financial weakness and early stage, extending credit would be high risk.

2. Financial Strength:
   The company’s balance sheet is very weak. It holds virtually no fixed or current assets and carries creditors exceeding £42k falling due after more than one year. Net current assets are zero, and total net liabilities stand at £42,151, reflecting negative equity. The only asset noted is a nominal called-up share capital of £1, which is unpaid, suggesting capital has not been injected effectively. The company has no employees and minimal operational history, which points to an unproven business model and weak capitalization.

3. Cash Flow Assessment:
   No cash or working capital buffers are apparent. Current liabilities equal or exceed current assets, resulting in zero net current assets. The company’s cash flow position cannot be determined precisely due to lack of profit and loss data, but the negative net asset position and absence of employees imply limited liquidity and inability to service debts from operations. The company’s funding appears reliant on external capital contributions which have not yet been made.

4. Monitoring Points:

• Track future filed accounts for evidence of capital injections or operational revenues.
• Monitor changes in net assets and working capital to assess financial improvement.
• Review director and shareholder activity for signs of increased funding or business development.
• Watch for timely filing of accounts and confirmation statements to avoid regulatory risks.