Company Number: 13342270

Analysis Date: 2025-07-29 19:37 UTC

1. Credit Opinion: APPROVE
   LMNOH LTD demonstrates improving financial health with positive net assets and working capital, indicating capability to meet short-term obligations. The company shows growth in fixed assets and cash reserves, reflecting sound reinvestment and liquidity. No overdue filings or adverse director conduct records are noted. The business operates in a stable sector (take-away food) with moderate operational risks. Overall, the risk profile supports loan approval, assuming standard covenants and monitoring.

2. Financial Strength:

• Net assets have increased from £11,007 (FY2022) to £25,830 (FY2023), more than doubling within 18 months.
• Fixed assets rose from £14,000 to £19,670 due to capital investments, indicating reinvestment in business infrastructure.
• Shareholders’ funds mirror net assets, confirming no hidden liabilities.
• Current liabilities have increased to £46,433 but are adequately covered by current assets of £53,096, yielding positive net current assets of £6,663.
• A small long-term creditor (£503) exists but is immaterial relative to assets.

3. Cash Flow Assessment:

• Cash at bank increased significantly from £6,171 to £41,758, suggesting improved liquidity and operational cash flow management.
• Debtors rose to £11,338, which should be monitored to avoid excessive credit risk or collection delays.
• Positive net current assets indicate sufficient working capital to fund ongoing operations without liquidity strain.

4. Monitoring Points:

• Debtor days and collection efficiency to ensure cash inflows remain timely.
• Current liabilities growth trajectory relative to current assets to maintain positive working capital.
• Profitability trends (not disclosed here) to confirm ongoing capacity to generate earnings supporting debt service.
• Director conduct and compliance with filing deadlines (currently no issues).
• Industry risks related to take-away food sector competition and regulatory changes.