Company Number: 12797249

Analysis Date: 2025-07-20 15:57 UTC

1. Risk Rating: LOW
   The company demonstrates a positive net asset position with an improving financial base and no overdue filings or indications of insolvency. Its micro-entity status implies limited scale but manageable obligations.

2. Key Concerns:

• Director Turnover and Control Shift: Both original directors resigned before the latest accounts date, replaced by a new director who holds majority control. This governance change warrants scrutiny for continuity and strategic clarity.
• Minimal Share Capital and Scale: Share capital is nominal (£2), reflecting a very small equity base with limited buffer against losses or external shocks.
• Lack of Profit and Loss Disclosure: The accounts omit profit and loss details, restricting insight into operational profitability and cash flow trends.

3. Positive Indicators:

• Improved Net Current Assets: Net current assets increased substantially to £7,060 in 2024 from £255 in 2023, indicating improved liquidity relative to short-term liabilities.
• No Overdue Filings: Both annual accounts and confirmation statements are filed on time, reflecting good compliance discipline.
• Stable Net Assets Growth: Net assets increased from £255 in 2023 to £7,060 in 2024, showing strengthening equity position despite limited capital.

4. Due Diligence Notes:

• Obtain detailed profit and loss accounts or management accounts to assess revenue, margins, and cash flow stability.
• Investigate circumstances around director resignations and the new director’s background and plans for the company.
• Review any off-balance sheet liabilities or contingent obligations not captured in micro-entity filings.
• Confirm whether the company relies on external financing or related-party loans given its small capital base.
• Assess the business model and competitive position in the "Other retail sale of food in specialised stores" sector for sustainability.