Company Number: 13801001

Analysis Date: 2025-07-29 16:31 UTC

1. Risk Rating: MEDIUM

Justification: Riibon Ltd has demonstrated a significant turnaround from net liabilities of £16,358 in 2023 to net assets of £8,850 in 2024. However, the company carries a substantial long-term creditor balance (£95,990) which raises concerns about solvency and financial stability. Being a micro-entity with limited financial disclosures also limits the ability to fully assess risk.

2. Key Concerns:

• High Long-term Liabilities: The company shows £95,990 in creditors due after more than one year, which is a material obligation relative to its net assets, posing solvency risk.
• Volatile Net Current Assets: Net current assets improved markedly from negative £16,358 in 2023 to positive £102,039 in 2024, suggesting fluctuating liquidity and cash flow volatility.
• Limited Operational History: Incorporated in late 2021 and being a micro-entity, the limited financial track record and scale reduce visibility on operational sustainability.

3. Positive Indicators:

• Improved Financial Position: The company moved from net liabilities to net assets within a year, indicating improved financial management or capital injection.
• Current with Filings: No overdue accounts or confirmation statements, suggesting compliance with regulatory requirements.
• Consistent Management: Same two directors since incorporation, which may indicate stable governance.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors (£95,990) to understand repayment obligations and impact on solvency.
• Review cash flow statements (if available) to assess liquidity trends given the large swing in current assets.
• Understand the business model and revenue sources within the real estate letting sector to evaluate operational sustainability.
• Confirm no director disqualifications or regulatory sanctions beyond the data provided.