MIJOOEUN LTD

Executive Summary

Mijooeun Ltd is a recently established private limited company demonstrating solid liquidity and solvency metrics with no regulatory filing issues. While the financial position appears healthy, limited operational history and concentrated ownership warrant monitoring. Further due diligence on tax liabilities and investment assets is recommended to confirm ongoing financial stability.

MIJOOEUN LTD - Analysis Report

Company Number: 15243938

Analysis Date: 2025-07-29 21:14 UTC

1. Risk Rating: LOW
   Mijooeun Ltd exhibits a strong liquidity position with cash significantly exceeding current liabilities, positive net current assets, and healthy net assets. The company is newly incorporated with timely filings and no overdue accounts or confirmation statements, indicating good regulatory compliance.

2. Key Concerns:

• Limited operating history: Incorporated in late 2023, financial and operational stability are unproven beyond one financial year.
• Concentrated ownership and control: Two individuals each hold 25-50% shares and voting rights, which could lead to governance risks if disagreements arise.
• Taxation and social security creditors: £79,590 due within one year may indicate significant recent tax liabilities; the nature and timing of these obligations should be clarified.

3. Positive Indicators:

• Strong liquidity and solvency: Cash on hand (£249k) exceeds current liabilities (£127k) by almost double, with net current assets positive (£123k) and net assets at £183k.
• Compliance: No overdue filings; the company has maintained good standing with Companies House since incorporation.
• Clear governance structure: Director and company secretary appointed with no disqualifications or compliance flags.

4. Due Diligence Notes:

• Investigate the nature of the £79,590 tax and social security creditor balance—are these accrued liabilities, deferred payments, or potentially disputed amounts?
• Review the investment of £60,000 classified as fixed assets to understand its nature, valuation methodology, and potential impairment risk.
• Assess business model and revenue generation given the micro entity status and limited employee count (average 1), to evaluate sustainability and growth prospects.