Company Number: 13854164

Analysis Date: 2025-07-19 11:51 UTC

1. Credit Opinion: DECLINE
   Maan Services Limited shows significant financial distress with net current liabilities of £19,159 and negative shareholders' funds of £19,160 as of 31 January 2024. The company is newly incorporated (2022) and operates in travel agency activities and other business support services, sectors currently challenged by economic volatility. The negative equity position and lack of positive net assets raise concerns about the company’s ability to meet short-term obligations and service credit facilities without additional capital injection or external support.

2. Financial Strength:
   The balance sheet reveals a fragile financial position. Current assets stand at only £765, entirely in cash, against current liabilities of £19,924, resulting in a working capital deficit of £19,159. No fixed assets or debtors are reported, and shareholders’ funds are negative, indicating that accumulated losses exceed the initial capital. This suggests the company is undercapitalized and may be reliant on director loans or external funding to continue operations.

3. Cash Flow Assessment:
   With only £765 in cash and no reported receivables, liquidity is severely constrained. The large short-term creditor balance compared to the minimal cash position implies potential difficulties in meeting immediate payables. The absence of employees indicates minimal operational scale, but also suggests limited revenue generation capacity to improve cash flows. The financial data point to insufficient working capital and cash flow to support ongoing business activities or new credit commitments.

4. Monitoring Points:

• Track improvements in net current assets and shareholders’ funds to assess capital strengthening.
• Monitor cash flow trends and whether cash balances increase to cover liabilities.
• Review any additional funding or capital injections from the director or third parties.
• Observe filing of subsequent accounts and confirmation statements for timely compliance and financial updates.
• Monitor sector conditions impacting travel agency and business support services for external risk factors.