Company Number: 13762499

Analysis Date: 2025-07-29 15:53 UTC

1. Risk Rating: LOW
   A Jelly Race Ltd presents a low risk profile based on the available data. The company is active, compliant with filing deadlines, and shows positive net assets and shareholders' funds, indicating solvency. The increase in current assets and net assets year-over-year suggests operational growth and financial stability typical for a micro-entity.

2. Key Concerns:

• Working Capital Fluctuation: Despite positive net current assets (£16,745 in 2023), there was a notable reduction from £26,718 the previous year, which warrants monitoring to ensure liquidity remains sufficient.
• Limited Asset Base: Fixed assets are minimal (£2,350), implying reliance on current assets and possibly limited long-term investment or collateral value.
• Single Director and PSC Concentration: Control is concentrated with one individual (Jaime Roy Wilkinson), who holds majority shares and voting rights, which may raise governance and succession concerns.

3. Positive Indicators:

• Compliance: No overdue accounts or confirmation statements; filings are up to date.
• Profitability and Growth: Net assets have approximately doubled from £9,359 in 2022 to £19,095 in 2023, indicating retained earnings or capital injection and business growth.
• Employee Growth: The average number of employees doubled from 6 to 12, signaling operational expansion.
• Industry Activity: Engaged in food service sectors (licensed and unlicensed restaurants, take-away food) with potential for steady cash flow.

4. Due Diligence Notes:

• Review Cash Flow and Debtor Aging: Assess the composition of current assets, especially receivables and cash balances, to confirm liquidity quality.
• Examine Creditors Terms and Payment Cycles: The increase in current liabilities from £32,752 to £98,992 in one year is significant; understanding creditor profiles and payment terms is crucial.
• Governance Structure: Investigate mechanisms mitigating risk from PSC and director concentration, including contingency plans for management continuity.
• Profit & Loss Review: Since only balance sheet data is available, review P&L to understand revenue trends, cost structure, and profitability drivers.
• Business Model Stability: Given the company is relatively new (incorporated late 2021), verify customer base diversity and contracts to confirm sustainability.