Company Number: 15349376

Analysis Date: 2025-07-19 12:14 UTC

1. Risk Rating: MEDIUM
   The company's solvency position shows a small positive net asset base (£1,047) but negative net current assets (-£10,820), indicating potential short-term liquidity pressures. Given the company is newly incorporated (Dec 2023) and in the micro-entity category, some operational and financial volatility is expected. No overdue filings or compliance issues are evident, which mitigates governance risks.

2. Key Concerns:

• Negative Working Capital: Current liabilities exceed current assets by £10,820, suggesting challenges meeting short-term obligations without additional financing.
• Newly Established Entity: Limited operational history restricts visibility on business sustainability and financial performance trends.
• Concentration of Control: Single director and 75-100% shareholder control may raise governance and succession risks.

3. Positive Indicators:

• Timely Compliance: No overdue accounts or confirmation statements; filings are up to date, reflecting good regulatory adherence.
• Positive Net Asset Position: Despite working capital issues, the company holds a small net asset buffer, indicating some capital backing.
• Industry Relevance: Operating in food services with a focus on licensed restaurants and takeaway shops, sectors with steady demand potential when managed well.

4. Due Diligence Notes:

• Investigate cash flow management and plans to address negative working capital, including any credit facilities or shareholder loans.
• Assess the operational model and revenue generation since incorporation to evaluate sustainability and growth prospects.
• Review director’s experience and any related party transactions given sole control by Mr. Harpreet Singh.
• Confirm no contingent liabilities or off-balance-sheet obligations that could affect solvency.