Company Number: 13520333

Analysis Date: 2025-07-20 14:41 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. MKN CLEANER LTD is a very small, micro-entity cleaning services company with minimal assets and equity. The company shows a positive but very limited net asset base (£820 as of July 2024) and no evidence of significant liabilities or debt. The business is under the control of a single director and shareholder, Mr. Simon-Cornel Mocanu, who has full control of voting rights and management decisions. Given the minimal financial scale, credit exposure should be limited and carefully monitored; the company’s ability to service substantial loans or credit facilities is constrained, but small credit lines or trade credit might be feasible with close oversight.

2. Financial Strength: The balance sheet shows very limited financial strength. Current assets increased slightly from £375 in 2023 to £820 in 2024, with no fixed assets or long-term investments reported. Net current assets equal net assets, indicating no long-term liabilities. Shareholders’ funds mirror net assets at £820, reflecting retained earnings or contributed capital. The company’s financial profile is typical of a micro-entity startup or very small business, with a very low capital base and minimal working capital. There is no indication of external borrowings or fixed asset investments.

3. Cash Flow Assessment: Liquidity appears positive but minimal. The company only holds small amounts of current assets, likely cash or receivables, and has net current assets equal to total current assets, indicating no short-term liabilities or overdrafts. With an average of two employees, fixed overheads are likely small. However, the limited asset base suggests the company operates with very tight working capital. There is no detailed cash flow statement, but given the micro-entity size and stable net assets, cash flows are likely sufficient to meet day-to-day obligations at present but vulnerable to adverse events or unexpected expenses.

4. Monitoring Points:

• Watch for any significant changes in current assets or liabilities that might indicate liquidity stress.
• Monitor profit retention or losses that impact shareholders’ funds, as the capital base is very thin.
• Track any increases in employee numbers or asset acquisitions that could strain working capital.
• Review director’s conduct and management decisions due to sole control by one individual.
• Ensure timely filing of accounts and confirmation statements to avoid compliance risk.
• Observe industry conditions in cleaning services that could impact revenue streams.