Company Number: 14408762

Analysis Date: 2025-07-29 16:04 UTC

Credit Opinion:
APPROVE with monitoring. Nobu Statutory Limited shows strong balance sheet growth and excellent liquidity, indicating good capacity to meet short-term obligations and service potential credit facilities. The company is relatively young but has demonstrated significant financial strengthening over the last two years. However, as it operates in financial intermediation (SIC 64999), which can be subject to regulatory and market risks, ongoing monitoring is recommended.

Financial Strength:

• The company’s net assets increased substantially from £35.3k in 2023 to £132.0k in 2024, driven primarily by a large injection of share premium (£119k+) and improved working capital.
• Fixed assets are low (£2.2k) and mostly intangible (website development), reflecting a light asset base typical for a financial intermediation service provider.
• Shareholders’ funds of £131.96k provide a solid equity buffer relative to liabilities, supporting financial stability.
• Current liabilities are minimal at £1.5k, indicating a low gearing level and limited short-term financial risk.

Cash Flow Assessment:

• Cash at bank has increased markedly from £25.1k to £91.0k, indicating strong liquidity and a healthy cash runway.
• Net current assets (working capital) expanded from £31.1k to £129.8k, confirming the company’s ability to cover short-term liabilities comfortably.
• Debtors increased substantially, mostly other debtors, which should be monitored for collectability but currently do not appear to stress liquidity.
• The company employs only 1 employee, implying low fixed operating costs.

Monitoring Points:

• Monitor the quality and aging of debtors, particularly the significant rise in other debtors to £40.3k, to ensure timely cash inflows.
• Track profitability trends in future accounts as current income statement reserves are negative (accumulated losses of £54.7k), indicating the company is investing or still building revenue streams.
• Keep an eye on regulatory developments in financial intermediation that may impact business operations or capital requirements.
• Watch for any director changes or PSC updates, although current governance appears stable with a single director holding majority control.