Company Number: 15424926

Analysis Date: 2025-07-29 12:43 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   TLA3 LIMITED is a newly incorporated private limited company (incorporated January 2024) operating in the niche sector of "Other sports activities" (SIC 93199). The company's financial profile is currently modest with limited trading history, but it shows a positive net current asset position and no overdue filings. The sole director and controlling shareholder is Mr. Keiron Assiratti, a professional rugby player, which suggests potential industry knowledge but limited commercial management experience. Given the early stage of the company, credit approval should be conditional on regular financial updates and confirmation of revenue generation to ensure ongoing viability and repayment capacity.

2. Financial Strength
   As at 31 December 2024, TLA3 LIMITED reported total current assets of £4,738, comprising £3,998 cash and £740 debtors. Current liabilities stood at £1,386, resulting in net current assets (working capital) of £3,352 and shareholders’ funds equal to £3,352. The balance sheet is small but positive with no long-term liabilities recorded. The company is exempt from audit due to its small size and has one employee (the director). The absence of fixed assets and limited scale restricts financial resilience, but the initial equity base and low liabilities provide a stable foundation.

3. Cash Flow Assessment
   The company’s cash balance of £3,998 supports short-term liquidity, and with current liabilities at £1,386, it has a comfortable short-term buffer. Debtors are low (£740), indicating limited exposure to receivables risk at this stage. However, given the very early stage of trading and lack of reported turnover data, cash flow projections cannot be fully assessed. Continuous monitoring of cash inflows from operations and working capital management will be critical, especially as the business scales or incurs additional liabilities.

4. Monitoring Points

• Verification of revenue generation and profitability as the company matures.
• Tracking liquidity trends to ensure the company maintains sufficient cash to meet liabilities.
• Director’s ongoing involvement in financial management given his non-traditional business background.
• Timely submission of future accounts and confirmation statements to avoid compliance risks.
• Any increase in debt or contingent liabilities that might affect credit capacity.