Company Number: 13060654

Analysis Date: 2025-07-19 12:44 UTC

1. Risk Rating: LOW

Justification: RUNAL LIMITED demonstrates positive net current assets and shareholders’ funds, no overdue filings, and stable employee count over recent years. The company’s financial position shows modest but consistent asset growth and current liabilities well covered by current assets, indicating a sound liquidity position and operational stability for a micro-entity.

2. Key Concerns:

• Decline in net assets from £34,794 in 2022 to £28,082 in 2023, suggesting some erosion of equity that merits monitoring.
• Current liabilities have nearly doubled from £41,184 in 2022 to £74,551 in 2023, which could pressure cash flow if not managed carefully.
• Limited scale of operations (micro-entity with 2 employees and minimal fixed assets) may constrain growth and resilience to market shocks.

3. Positive Indicators:

• Consistent timely filing of accounts and confirmation statements with no overdue submissions, demonstrating regulatory compliance.
• Positive net current assets (£25,007) indicating the company can meet its short-term obligations.
• Sole control by a single director and 75-100% shareholder (Mr. Erdal Hazar), which may facilitate swift decision-making and governance clarity.

4. Due Diligence Notes:

• Review detailed cash flow statements and creditor ageing to assess the nature and timing of current liabilities increases in 2023.
• Investigate reasons behind the reduction in net assets and whether this is due to operational losses, asset write-downs, or other factors.
• Assess business model sustainability given its classification in retail of non-specialised stores with predominance of food, beverages, or tobacco, and limited scale.
• Confirm no undisclosed related party transactions or contingent liabilities that could materially impact financial position.