Company Number: 13537348

Analysis Date: 2025-07-20 17:46 UTC

1. Credit Opinion: APPROVE
   KHAN FISH BAZAAR LTD demonstrates a stable financial position with positive net current assets and net assets over the last three years. The company shows a modest but consistent growth in net assets from £366 in 2021 to £4,922 in 2024. There are no overdue filings or signs of distress such as liquidation or administration, and the sole director and 100% shareholder appears to maintain control without adverse records. Given the micro-entity scale and stable liquidity, the company is capable of servicing modest credit facilities.

2. Financial Strength:
   The balance sheet indicates a healthy liquidity position, with current assets exceeding current liabilities by £4,922 at the most recent year-end. The company’s net assets have grown steadily, reflecting retained earnings or capital injections consistent with a small retail business. There are no fixed assets or long-term liabilities reported, which is typical for a micro retail entity. Shareholders’ funds equal net assets, indicating no external debt and a clean equity position.

3. Cash Flow Assessment:
   Working capital is positive and increasing, suggesting adequate short-term liquidity to meet obligations. Current assets of £10,993 mainly include cash and receivables sufficient to cover current liabilities of £6,071. The absence of significant borrowings reduces financial risk, but also implies limited leverage. The company’s small scale and minimal employee count (average 2) imply low operational expenses, enhancing cash flow stability.

4. Monitoring Points:

• Monitor accounts receivable turnover and cash conversion cycle to ensure continued liquidity.
• Watch for any increase in current liabilities that could pressure working capital.
• Track sales growth and profit margins to assess operational viability as the business scales.
• Confirm timely filing of future accounts and confirmation statements to avoid compliance risk.
• Maintain oversight on director’s conduct and any changes in ownership or control that could affect governance.