Company Number: 15126650

Analysis Date: 2025-07-20 11:46 UTC

1. Credit Opinion: APPROVE Munzur Fish Bar Limited is a newly incorporated micro-entity with a positive net asset position and working capital surplus as of its first financial year ending September 2024. The company shows no overdue filings or signs of financial distress. Given its micro status and trading in the take-away food sector, its current financial position supports credit approval for modest facilities. Caution is advised due to limited trading history and small scale, but the absence of liabilities beyond short-term creditors and accruals indicates manageable short-term obligations.

2. Financial Strength: The company reported net assets of £1,454 and net current assets of £2,404 at 30 September 2024. Current assets of £3,325 mainly comprise cash and receivables, comfortably covering current liabilities of £921. The balance sheet is simple and sound, with no long-term debt or fixed assets reported. Shareholders’ funds equal net assets, reflecting initial equity investment. The small retained earnings and overall asset base are typical for a first-year micro-entity and reflect a stable start.

3. Cash Flow Assessment: Liquidity appears adequate with net current assets positive by £2,404, indicating that current assets exceed liabilities by a comfortable margin. The company employs 3 staff on average, suggesting ongoing operational activity and expense commitments. While detailed cash flow statements are not available, the ability to meet short-term creditors and accruals without overdraft or external debt suggests reasonable working capital management. Monitoring cash flow trends will be important as the business grows.

4. Monitoring Points:

• Performance in subsequent trading periods to confirm revenue growth and profitability.
• Timely filing of future accounts and confirmation statements to ensure compliance.
• Changes in working capital levels, especially any increase in payables or overdrafts.
• Impact of market conditions on the take-away food sector and local competition.
• Any changes in ownership structure or director conduct impacting governance.