Company Number: 13166706

Analysis Date: 2025-07-20 16:28 UTC

1. Credit Opinion: APPROVE
   MI Dogar Limited presents as a small, micro-entity private limited company with a stable financial position and no overdue filings. The company has maintained positive net current assets and net assets over the last three years, showing a steady improvement in working capital and equity. The absence of employees and off-balance-sheet liabilities reduces operational complexity and risk. While the company is relatively young (incorporated 2021) and modest in scale, its consistent filings and positive net asset growth support credit approval for routine lending or credit facilities, subject to standard monitoring.

2. Financial Strength:
   The balance sheet indicates a healthy financial structure for a micro-entity. Net current assets improved from £42,371 in 2021 to £62,833 in 2024, evidencing enhanced liquidity and short-term solvency. Net assets have increased correspondingly, reflecting retained earnings or capital injections, despite minimal share capital (£1.00). There is no indication of long-term debt or fixed assets, which is typical for a micro-enterprise but limits collateral availability. Overall, the company is financially sound within its size and sector.

3. Cash Flow Assessment:
   Current assets consistently exceed current liabilities, with a net current asset position growing by approximately 20% over three years. This suggests sufficient working capital to meet short-term obligations. The lack of reported employees implies low fixed operational costs, enhancing cash flow stability. However, the absence of detailed profit & loss or cash flow statements limits insight into operating cash generation. Nonetheless, the balance sheet liquidity ratios are positive, indicating manageable liquidity risk.

4. Monitoring Points:

• Monitor any significant changes in current liabilities that could pressure working capital.
• Track company growth beyond micro thresholds, which may increase regulatory and financial complexities.
• Watch for changes in business activity or PSCs that could affect control or risk profile.
• Verify profit and cash flow trends once more detailed accounts are available to confirm operational sustainability.
• Ensure continued timely filing of accounts and confirmation statements to avoid compliance risk.