RUNVAN LTD

Executive Summary

Runvan Ltd is an early-stage micro entity with minimal financial substance and negligible net assets, indicating no current capacity to support credit facilities. The company’s balance sheet and liquidity position are extremely weak, with only nominal working capital and no evidence of cash flow generation. Consequently, credit facilities cannot be recommended at this time without significant growth or capital improvements.

RUNVAN LTD - Analysis Report

Company Number: 14156138

Analysis Date: 2025-07-29 21:00 UTC

1. Credit Opinion: DECLINE
   Runvan Ltd is a micro entity incorporated in mid-2022 with minimal financial activity. The latest accounts show extremely limited current assets (£273) and current liabilities (£272), resulting in a negligible net asset base of £1. The company’s balance sheet reflects minimal operating scale and no evidence of profitability or cash generation. Given the lack of financial substance and operating history, the company currently cannot be assessed as having the capacity to service debt or sustain credit facilities. The absence of an audit or detailed financial disclosures further limits credit insight. Additionally, the company’s single director and shareholder structure, while stable, does not provide comfort on financial stewardship beyond nominal compliance.

2. Financial Strength:
   The balance sheet is effectively neutral with net assets of just £1. Current assets and liabilities nearly offset each other, indicating no meaningful working capital buffer. Absence of fixed assets or retained earnings implies no accumulated capital or reserves to absorb shocks. The company is under the micro category, indicating very limited scale and risk exposure. Overall, the financial strength is extremely weak and insufficient for credit extension beyond nominal limits.

3. Cash Flow Assessment:
   With current assets mainly comprising a very small cash amount (£273) and almost equal current liabilities (£272), liquidity is practically zero. Operating cash flow details are unavailable, but the balance sheet suggests no operational cash inflow or working capital cycle. The company’s ability to meet short-term obligations or service debt is unproven and appears highly constrained.

4. Monitoring Points:

• Significant improvement in net current assets and net assets
• Evidence of positive cash flows from operations and profitability
• Filing of full accounts with more detailed financial disclosures
• Changes in director or shareholder control that may affect governance
• Any indication of financial support or investment to build capital base