RNAH LIMITED

Executive Summary

RNAH Limited is a newly formed private limited company with minimal financial history and a fragile balance sheet. The company operates with very limited net assets and working capital, relying heavily on debtor collections and shareholder support. Credit approval is recommended only on a conditional basis, pending further business and cash flow information and ongoing monitoring of liquidity metrics.

RNAH LIMITED - Analysis Report

Company Number: 15438026

Analysis Date: 2025-07-29 15:51 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   RNAH Limited is a very recently incorporated company (January 2024) with a limited financial track record. The current financials show very modest net assets (£578) and minimal equity (£1,000 share capital). The company's current liabilities (£142,608) nearly match its current assets (£143,186), resulting in a very thin working capital buffer (£578). Given the nascent stage, limited financial history, and close matching of assets and liabilities, credit approval is conditional. Approval should be contingent on obtaining further information about the nature of the company's business activities, confirmed cash flow projections, and support from the majority shareholder (Ttjs Group Limited) which owns 75-100% shares and controls management decisions.

2. Financial Strength
   The balance sheet shows minimal net assets and a very tight current asset to current liability ratio, indicating limited financial buffer. The current assets consist entirely of debtors (£143,186), which suggests the company’s liquidity depends on timely collection of receivables. There are no fixed assets, and net profit/loss information is limited but shows a small accumulated loss (-£422). Shareholders’ funds are minimal, reflecting a startup phase with limited capitalisation. Overall, the company has a very fragile financial position from a balance sheet perspective, typical of a new entity without established reserves.

3. Cash Flow Assessment
   Current assets are heavily debtor-based with no cash stated explicitly, making cash flow dependent on debtor collection efficiency. Current liabilities include trade creditors (£23,115), other creditors (£89,000), and tax liabilities (£30,489), suggesting a potentially tight liquidity position. The net current asset position is just £578, so working capital is nearly neutral. The small scale and short operating history limit visibility on recurring cash inflows and outflows. Close monitoring of cash conversion cycles and creditor payment terms will be critical to assess ongoing liquidity.

4. Monitoring Points

• Debtor collection performance and aging to ensure timely cash inflows
• Changes in creditor balances and tax liabilities to assess payment discipline
• Capital injections or loans from the parent shareholder (Ttjs Group Limited) to support liquidity if needed
• Progress on revenue generation and profitability in upcoming reporting periods
• Compliance with filing deadlines and any changes in director appointments or company status