Company Number: 13158812

Analysis Date: 2025-07-29 15:24 UTC

1. Credit Opinion: DECLINE
   ZAMAN HG LIMITED exhibits significant financial stress, with negative net assets and net current liabilities exceeding £339k. The company’s balance sheet shows a heavy reliance on long-term bank loans (£598k) secured against fixed assets valued at £935k, but with cash reserves negligible at £2. The negative shareholders’ funds and persistent net current liabilities indicate insufficient liquidity and a strained working capital position. There is no indication of revenue or profit generation, and no employees are recorded, suggesting limited operational activity and cash flow. Given these factors, the company is high risk for credit extension without substantial financial restructuring or additional capital injection.

2. Financial Strength:
   The company holds tangible fixed assets of £935,673, mostly land and buildings, which provide some collateral value. However, total liabilities (£598,635 long-term loans plus £339,114 current creditors) exceed current assets, causing net current liabilities of £339,112 and negative net assets of £2,074 as of January 2024. The equity deficit has deteriorated slightly from the prior year. The absence of depreciation suggests the asset base is stable, but the company’s financial leverage is high and equity base weak, undermining financial resilience.

3. Cash Flow Assessment:
   Cash on hand is nominal (£2), indicating no liquid reserves to meet immediate obligations. Current liabilities are substantial at £339k against minimal current assets. The company’s working capital is negative by a significant margin, implying difficulty in meeting short-term debts and operational expenses. The company reports no employees and no turnover disclosures, implying limited or no active cash inflow. The heavy reliance on bank loans plus lack of operating cash flow raises serious liquidity concerns.

4. Monitoring Points:

• Monitor any forthcoming turnover or profit generation to improve working capital and liquidity.
• Track changes in debt structure, particularly any refinancing or repayment plans for the £598k bank loan.
• Watch for capital injections or equity improvements to restore positive net assets and shareholders’ funds.
• Review operating activity and cash flow statements (when available) for evidence of business viability.
• Observe compliance with filing deadlines and any emerging director or governance risks.