Company Number: 14687388

Analysis Date: 2025-07-29 14:46 UTC

1. Credit Opinion: APPROVE with low credit risk.
   MIHALEYA LTD is a recently incorporated private limited company active in the agent intermediary sector for food and beverage sales. The company shows positive net assets and net current assets, indicating it has sufficient resources to meet short-term liabilities. The absence of overdue filings and the steady increase in equity from £11,282 to £18,412 over two years reflect sound financial stewardship and compliance discipline. The controlling director holds significant ownership and decision-making powers, suggesting stable governance. Given the small size and low complexity, the company currently presents low risk for credit exposure.

2. Financial Strength:
   The balance sheet shows a strong liquidity position with cash balances almost equal to current assets (£20,578 in cash vs. £20,579 total current assets in 2025). Current liabilities are minimal (£2,167, mainly taxation and social security), resulting in net current assets of £18,412. The company has no fixed assets or long-term liabilities, simplifying its financial structure. Shareholders’ funds have increased by over 60% in two years, indicating capital injections or retained earnings accumulation. Overall, the company has a healthy and growing equity base relative to its size.

3. Cash Flow Assessment:
   The company’s cash position is robust, with cash nearly matching total current assets and exceeding current liabilities by a wide margin. This implies strong liquidity and the ability to cover short-term obligations easily. The increase in cash from £11,281 in 2024 to £20,578 in 2025 suggests positive cash flow generation or capital contributions. Debtors are negligible (£1), eliminating concerns over receivable collection risk. The working capital position is strong, supporting operational needs without reliance on external financing.

4. Monitoring Points:

• Monitor the growth trajectory of turnover and profitability once reported, as current accounts do not disclose revenue or profit figures.
• Watch for any significant increase in liabilities or fixed assets that could impact liquidity.
• Review director loans or advances periodically to ensure no adverse impact on cash flow or solvency.
• Keep track of tax obligations and timely settlement of social security contributions to avoid potential penalties.
• Observe any changes in ownership or management that might affect governance stability.