OH MINING LIMITED

Executive Summary

OH Mining Limited exhibits high financial risk characterized by persistent negative net assets and significant liquidity shortfalls, raising concerns about its ability to meet obligations. While the company maintains good compliance with filing requirements and has stable ownership, its minimal operational scale and worsening financial position warrant close scrutiny. Further due diligence on business viability, funding sources, and strategic outlook is recommended to assess investment risks.

OH MINING LIMITED - Analysis Report

Company Number: 13734266

Analysis Date: 2025-07-29 16:54 UTC

1. Risk Rating: HIGH
   The company demonstrates significant solvency and liquidity concerns, with persistent net liabilities and negative working capital. The financial position indicates inability to meet short-term obligations without external support, posing a high risk to creditors and investors.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities increased from £7,459 in 2022 to £16,787 in 2023, indicating deteriorating financial health and erosion of shareholder equity.
• Severe Working Capital Deficit: Current liabilities (£56,536) substantially exceed current assets (£5,925), yielding a negative net current asset position of £50,611, which suggests inability to cover short-term debts.
• Minimal Operational Scale: The company operates with a single employee (the director) and limited fixed assets, implying limited operational capacity and potentially constrained revenue generation.

3. Positive Indicators:

• Timely Filing Compliance: All statutory filings, including annual accounts and confirmation statements, are current with no overdue submissions, indicating satisfactory regulatory compliance.
• Stable Ownership and Management: The sole director and 100% shareholder retains consistent control since incorporation, which may facilitate streamlined decision-making.
• Micro-Entity Status: Operating under micro-entity accounting provisions reduces administrative burden and costs.

4. Due Diligence Notes:

• Examine Business Model and Revenue Streams: Investigate the company’s activities given the SIC code for holding companies and its minimal asset base to understand how it generates income and services liabilities.
• Assess Funding Sources and Cash Flows: Determine whether the company relies on director loans, related party funding, or external financing to sustain operations given persistent negative net assets and liquidity shortfalls.
• Review Director’s Plans and Risks: Evaluate any disclosed strategic plans or risk disclosures in the directors’ report or elsewhere to gauge the sustainability and turnaround prospects.
• Confirm Absence of Undisclosed Liabilities: Given the negative equity, verify any contingent liabilities or off-balance sheet obligations that may exacerbate financial risk.

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