Company Number: 15669901

Analysis Date: 2025-07-20 14:48 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   RAH BRISTOL LTD is a newly incorporated micro-entity operating in the hairdressing and beauty treatment sector. The company shows a positive net asset position with modest working capital, indicating initial financial stability. However, as a start-up with limited operational history and a single director/shareholder, credit risk remains elevated. Approval is recommended subject to ongoing monitoring of trading performance, cash flow generation, and timely filing of future accounts.

2. Financial Strength:
   The company’s balance sheet as of 30 April 2025 shows total net assets of £8,651, comprising fixed assets of £2,537 and net current assets of £6,662. Current liabilities stand at £12,915, which are comfortably covered by current assets of £19,577, reflecting adequate short-term liquidity. The equity base is small but positive, consistent with a micro-entity in its first year of trading. No significant borrowings are evident, reducing immediate leverage concerns.

3. Cash Flow Assessment:
   Working capital is positive at £6,662, indicating the company can meet short-term obligations. The absence of audit and limited disclosures restrict detailed cash flow analysis, but the balance sheet suggests reasonable liquidity for a start-up. Continued monitoring of cash generation is advised to ensure the company maintains operational cash flows sufficient to service any credit facilities.

4. Monitoring Points:

• Verify future annual accounts and confirmation statement filings are made on time.
• Assess trading profitability and cash flow trends as the business matures.
• Monitor current liabilities and ensure no significant build-up of overdue payables.
• Watch for any changes in ownership or director appointments that may affect governance.
• Track sector-specific risks given hairdressing’s sensitivity to economic downturns and regulatory changes.