THIND RECOVERY LTD

Executive Summary

THIND RECOVERY LTD is a small freight transport micro-entity with a positive but minimal net asset base and good compliance record. It demonstrates early-stage growth but remains financially modest, warranting cautious approval for limited credit exposure. Continued monitoring of financial progression and liquidity is advised to mitigate risk.

THIND RECOVERY LTD - Analysis Report

Company Number: 13735439

Analysis Date: 2025-07-29 17:14 UTC

1. Credit Opinion: APPROVE with caution. THIND RECOVERY LTD is a micro-entity operating in freight transport by road, with minimal financial complexity. The company shows a positive net asset position and no overdue filings, indicating acceptable compliance and basic financial stability. However, given the very small scale of operations and limited financial data, credit exposure should be modest and closely monitored.

2. Financial Strength: The balance sheet is very modest but positive. Net assets increased from £10 in 2022 to £1,683 in 2023, showing some growth. Current assets equal net current assets, suggesting no long-term liabilities. The company’s capital and reserves mirror net assets, indicating no hidden liabilities. The micro-entity status means limited disclosure, but no signs of financial distress are evident. The growth in net assets is encouraging but remains at a very low absolute level.

3. Cash Flow Assessment: Current assets of £1,683 (likely cash or equivalents) against minimal liabilities provide positive short-term liquidity. Net current assets are equal to current assets, indicating working capital is positive but very limited. The company employs one person on average, which suggests low operating expenses. No details on cash flow statements are available, but the minimal scale suggests cash flow management is straightforward, though limited cash resources constrain resilience to shocks.

4. Monitoring Points:

• Watch for growth in turnover and profitability as filings become available.
• Monitor net asset trends and liquidity to ensure working capital remains positive.
• Review any changes in director or ownership, as the sole director and 75-100% shareholder is Mr. Jagjeet Singh.
• Be alert to any overdue accounts or confirmation statements which could indicate compliance or financial issues.
• Observe any increase in liabilities or changes in business activity that may affect credit risk.