Company Number: 15204058

Analysis Date: 2025-07-29 12:11 UTC

1. Credit Opinion:
   CONDITIONAL APPROVAL. Tiffinwala Ltd is a very recently incorporated company (October 2023) operating in the take-away food sector. The latest unaudited abridged accounts to October 2024 show a positive net asset position and working capital, but the scale is minimal with very limited operating history and no employees reported. The company’s ability to service debt is currently limited by its small asset base and cash holdings. Credit approval is possible with restrictions on facility size and a requirement for regular financial updates to monitor trading progress and cash flow generation.

2. Financial Strength:
   The company reports net assets of £1,924 and net current assets of £1,924 as of October 2024, indicating a positive but very modest balance sheet. Current assets (£2,375) consist mostly of debtors (£2,221) and minimal cash (£154), while current liabilities are low at £451. The share capital is £2, and the profit and loss account shows a small retained profit of £1,922. There are no fixed assets or employees at this stage. Overall, the balance sheet is solvent but very thin in capital and asset base, typical of a start-up phase.

3. Cash Flow Assessment:
   Cash at bank is only £154, which is insufficient to cover more than a few days of operating expenses or any short-term debt without incoming receipts from debtors or sales. Debtor balances (£2,221) represent expected inflows but depend on successful collection. The low current liabilities (£451) reduce immediate pressure. Working capital is positive but minimal, indicating liquidity risk if trading is disrupted or if customers delay payments. The company’s cash flow position should be closely monitored going forward.

4. Monitoring Points:

• Monthly cash flow and debtor collection performance to confirm liquidity
• Trading revenues and profit development as the business matures beyond start-up phase
• Changes in current liabilities and credit terms with suppliers
• Director changes and any additional capital injections or borrowing
• Compliance with filing deadlines to avoid regulatory risk