Company Number: 14429821

Analysis Date: 2025-07-20 11:23 UTC

1. Risk Rating: MEDIUM

MIE Group Ltd shows strong asset backing primarily from fixed assets and investments but exhibits significant net current liabilities, indicating potential short-term liquidity pressures. As a recently incorporated holding company with no employees and limited operational data, there is moderate risk related to cash flow and operational sustainability.

2. Key Concerns:

• Negative Net Current Assets: The company has net current liabilities of £866,938, suggesting current liabilities exceed current assets by a substantial margin, which may impair the ability to meet short-term obligations.
• High Intercompany Creditors: A large portion (£1,078,263) of current liabilities comprises amounts owed to group undertakings, indicating dependency on intra-group financing which may present refinancing or repayment risks if group entities face difficulties.
• No Operational Revenue or Employees: The company is a holding entity with no employees and no income statement filed, raising questions on operational cash flow sustainability and reliance on group support or capital injections.

3. Positive Indicators:

• Strong Shareholders’ Funds and Asset Base: Shareholders’ funds stand at £5.82 million, supported by significant fixed assets including investments (£5.78 million) and investment property (£0.91 million), reflecting solid capitalisation.
• No Overdue Filings: The company is compliant with filing requirements for accounts and confirmation statements, indicating good governance and regulatory compliance to date.
• Experienced Directors with Majority Control: Directors Rehana Kouser and Mujahid Yasin hold significant share and voting control, providing stable ownership and decision-making continuity.

4. Due Diligence Notes:

• Review the nature and terms of intercompany loans and balances to assess repayment schedules, interest rates, and risk of default.
• Investigate the valuation and liquidity of fixed asset investments and investment properties to determine their realizable value under stress.
• Obtain details on any operational plans, cash flow forecasts, and capital commitments to evaluate the sustainability of the company given its negative working capital.
• Confirm no director disqualifications or regulatory issues exist beyond what is publicly reported.
• Clarify the group structure and financial health of related entities to understand group risk exposure.