BACHAWY LIMITED
Company number 09782543 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Analysis: BACHAWY LIMITED
1. Credit Opinion: CONDITIONAL
Reasoning: The credit application cannot be approved on current information due to critical data gaps and compliance concerns. Accounts are overdue, no financial statements are available for review, and the ownership structure presents contradictory filings. Any credit facility should be conditional upon receipt of up-to-date filed accounts, group financial statements, and satisfactory explanation of the PSC register discrepancies. The company operates as a subsidiary with minimal standalone capitalization (£100 share capital), meaning repayment likely depends on parent company support.
2. Financial Strength
Assessment: WEAK — Insufficient Data
Key concerns: - No financial data available: No balance sheet, profit & loss, or cash flow information has been filed or provided for review. This is a fundamental barrier to credit assessment. - Minimal capitalization: Share capital of only £100 provides virtually no equity cushion for creditors. - Subsidiary status: Categorized as "Audit Exemption Subsidiary," indicating the company relies on parent guarantees rather than standalone financial strength. The parent entities must be evaluated for any meaningful credit decision. - Overdue accounts: Accounts were due by 30 June 2026 and are marked overdue. This raises concerns about transparency and regulatory compliance.
The absence of financial data means we cannot assess leverage ratios, asset coverage, or capital adequacy.
3. Cash Flow Assessment
Assessment: CANNOT BE DETERMINED
- No trading figures, cash position, or working capital data available
- Private security activities (SIC 80100) typically generate receivables from contract work, but without financials, working capital position is unknown
- As a subsidiary, cash flow dependency on parent funding is likely but unconfirmed
- No evidence of debt servicing history or banking relationships
4. Monitoring Points
If credit is extended subject to conditions, the following require ongoing scrutiny:
| Monitoring Item | Priority | Rationale |
|---|---|---|
| Filing compliance | Critical | Accounts currently overdue — monitor for prompt filing |
| Parent company financials | Critical | Ambrey Limited and Ocean Infinity Group Limited financial health directly impacts subsidiary |
| PSC register accuracy | High | Multiple entities claim >75% ownership — contradictory and requires clarification |
| Key person risk | Medium | Single director (name shown to subscribers) — succession/continuity concern |
| Group structure | High | Understand intercompany arrangements, guarantees, and cash sweep mechanisms |
| Contract pipeline | Medium | Security sector dependent on contract renewals; assess revenue concentration |
Additional Risk Factors
Ownership Structure Concerns: The PSC register contains contradictory information — multiple entities and one individual all claim ownership of more than 75% of shares and voting rights. This is mathematically impossible and suggests either filing errors or a complex restructuring that hasn't been properly recorded. This must be resolved before any commitment.
Sector Considerations: Private security activities can be cash-generative but often involve labor-intensive operations with potential for wage arrears risk and contract disputes. Without financial data, margin quality is unknown.
Director Check: No disqualification records are noted for name shown to subscribers, which is positive. However, a single-director company presents key person dependency risk.