TRUMIN LLP

Executive Summary

TRUMIN LLP is a newly established limited liability partnership with current liabilities slightly exceeding cash resources, resulting in a modest solvency and liquidity risk. The company maintains good compliance with filing obligations and transparent governance but relies on related party financing that warrants further scrutiny. Additional due diligence on cash flow projections and business viability is recommended to assess its operational sustainability.

TRUMIN LLP - Analysis Report

Company Number: OC446956

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

1. Risk Rating: MEDIUM
   The company is newly incorporated (April 2023) and shows a small net liability position with current liabilities exceeding cash resources, indicating moderate solvency risk. However, there are no overdue filings or formal insolvency proceedings, and the business has complied with statutory requirements to date.

2. Key Concerns:

• Negative net current assets of £(2,282) suggest a working capital shortfall that may impact liquidity in the short term.
• The company's cash balance (£9,518) is insufficient to cover current liabilities (£11,800), presenting potential cash flow pressures.
• Related party debt of $10,000 (approximately £8,000) owed to an entity sharing members with TRUMIN LLP could raise questions on financial independence and risk concentration.

3. Positive Indicators:

• The company is up to date with all statutory filings, including accounts and confirmation statements, indicating good regulatory compliance and governance discipline.
• No audit exemption is appropriately claimed and the accounts comply with the small LLP regime and relevant accounting frameworks (FRS 102), suggesting transparency in reporting.
• The LLP is active and has designated members with clear control disclosures, enhancing corporate governance visibility.

4. Due Diligence Notes:

• Verify the nature and terms of the related party loan from CITE Distribution LLP to assess repayment risk and any cross-guarantees or contingent liabilities.
• Investigate the business plan and cash flow forecasts to understand how the LLP intends to resolve the net current liability position and improve liquidity.
• Confirm the LLP’s principal activities and revenue generation model, as no turnover or profit data is presented. This is essential to evaluate operational sustainability.
• Review any additional contingent liabilities or off-balance sheet exposures not reflected in the accounts.