Company Number: 14817339

Analysis Date: 2025-07-20 12:31 UTC

1. Credit Opinion: APPROVE

Vinabrum Limited is a newly incorporated private limited company active since April 2023, operating in the unlicensed restaurants and cafes sector (SIC 56102). The company has filed full accounts in a timely manner and is not overdue on any statutory filings. The directors hold full control and are resident locally, indicating direct management oversight. The presence of positive shareholders’ funds and net current assets suggests a stable initial financial footing. While the company is in its infancy, there is no indication of financial distress or management concerns. Based on the current data, the company demonstrates the ability to service short-term obligations and appears creditworthy for modest facilities.

2. Financial Strength:

The balance sheet as at 30 April 2024 shows fixed assets net of depreciation at £2,697 and current assets of £17,862, including cash of £15,984 and debtors (rent deposit) of £1,400. Current liabilities total £12,695, largely due to directors’ current accounts (£10,932), trade creditors (£119), tax (£977), social security (£67), and accrued expenses (£600). The resultant net current assets are £5,167, leading to total net assets/shareholders’ funds of £7,864. The capital structure is modest, with £1,000 in called-up share capital and retained earnings of £6,864 representing profits for the period. The balance sheet reflects a sound liquidity position and no external debt, though reliance on directors’ current accounts should be monitored.

3. Cash Flow Assessment:

The cash balance of nearly £16k relative to current liabilities of £12.7k indicates sufficient liquidity to meet short-term obligations. The net current asset position is positive, suggesting adequate working capital management. However, the company’s debtor profile is limited to a rent deposit, indicating minimal trade receivables or customer credit risk. The absence of external borrowings reduces financial risk but also suggests limited financing history. Given the company’s startup status, cash flow volatility may be expected, but current liquidity levels are adequate.

4. Monitoring Points:

• Monitor profitability and retained earnings growth in subsequent periods to ensure sustainable earnings.
• Watch directors’ current account balances, as significant reliance could indicate potential funding pressures.
• Review cash flow trends as trading activity increases to verify ongoing liquidity adequacy.
• Track timely statutory filings and any signs of delayed payments to suppliers or tax authorities.
• Observe management changes or PSC alterations that could impact control or operational stability.