Company Number: 14453369

Analysis Date: 2025-07-29 18:25 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   T Tahir Ltd is a very young company (incorporated in late 2022) with limited operating history. The most recent financials show a small but positive net asset position and low current liabilities, indicating a minimal but stable financial base. However, the significant reduction in cash and net assets from £6,680 to £3,489 and from £5,413 to £3,388 respectively in one year signals some financial contraction. Given the size and limited trading history, the company’s ability to service larger credit facilities is unproven. Approval is conditional on continued monitoring of cash flows and profitability improvement, and the credit facility should be limited and short-term.

2. Financial Strength:

• Net assets are modest at £3,388 as of 31 October 2024.
• Current assets consist entirely of cash (£3,489), with negligible debtors, indicating no significant amounts owed to the company.
• Current liabilities are minimal (£101), suggesting low short-term obligations.
• The share capital is nominal (£1), typical for a small private company.
• The decline in net assets and cash compared to the previous year may reflect initial start-up costs or lower income.
• No fixed assets or long-term liabilities are reported, which reduces asset backing for credit.

3. Cash Flow Assessment:

• Cash at bank decreased significantly from £6,680 in 2023 to £3,489 in 2024, suggesting cash outflows exceeded inflows during the year.
• Debtors and creditors are minimal, indicating simple working capital requirements.
• Net current assets remain positive (£3,388), providing a small buffer for short-term obligations.
• With only one employee on average, operating expenses are likely low, but cash burn rate must be monitored.
• Lack of detailed profit and loss data restricts deeper cash flow analysis, but the decline in cash is a cautionary point.

4. Monitoring Points:

• Track cash balances and net current assets closely on future filings to ensure liquidity does not deteriorate.
• Monitor profitability trends once profit and loss accounts become available to assess sustainable earnings.
• Watch for increases in current liabilities which could strain working capital.
• Review director actions and business developments as the sole director and 100% shareholder has full control, concentrating risk.
• Observe any significant changes in business scale or industry conditions in "Other human health activities" sector that may impact operations.