Company Number: OC448337

Analysis Date: 2025-07-29 13:31 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Koumi Partnership LLP is a newly incorporated limited liability partnership with a very short trading history (less than one year). The company holds substantial fixed assets valued at over £6 million, primarily land and buildings, which indicates significant capital investment and potential collateral value. However, there is no income statement or profit data filed, limiting evidence of operational cash generation and profitability. The cash balance of £218,681 provides some liquidity cushion. The members have provided loans amounting to approximately £2.79 million, showing financial support from within the partnership. Given the early stage of trading, credit approval should be conditional on ongoing monitoring of trading performance and timely filing of accounts with profit and loss data.

2. Financial Strength:
   The balance sheet shows strong asset backing with fixed assets of £6,030,221 and net assets of £6,248,902. The capital structure includes £3,459,572 in members’ capital accounts and £2,789,330 in loans from members, which rank ahead of other creditors. The absence of current liabilities information or trade creditors limits full liquidity assessment, but the strong fixed asset base and members’ funding reduce immediate solvency concerns. The valuation of land and buildings includes a revaluation of £1.75 million, which supports asset quality. Overall, the financial position appears robust but immature.

3. Cash Flow Assessment:
   Cash of £218,681 at the period end is reasonable for a new entity but not extensive. The lack of reported turnover or profit figures means cash flow from operations cannot be assessed. Members' loans provide a buffer for liquidity needs. There are no employees, suggesting low ongoing operating expenses at this stage. Working capital position details are not fully disclosed, but the net asset position indicates positive equity. The company’s ability to service any external debt will depend on future operational cash generation and continued member support.

4. Monitoring Points:

• Monitor next financial statements for profit and loss data to evaluate operational performance and cash generation.
• Track any new borrowings or changes in members’ loans to assess leverage.
• Review timely filing of statutory accounts and confirmation statements to ensure compliance.
• Watch cash balances and working capital trends as trading progresses.
• Assess any changes in fixed asset valuations or impairments.
• Evaluate any emerging trade creditor balances or external financing needs.