Company Number: 14915656

Analysis Date: 2025-07-29 14:58 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with negative net assets and net current liabilities, alongside overdue statutory filings, indicating elevated risk for investors.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The balance sheet shows net assets of -£9,748 and net current liabilities of -£16,219, suggesting the company’s liabilities exceed its assets and it may struggle to meet short-term obligations.
• Overdue Confirmation Statement Filing: The confirmation statement is overdue as of 2024-05-22, which raises compliance and governance red flags. Timely filings are critical for regulatory adherence and investor confidence.
• Minimal Capital and Operational Scale: The share capital is very low (£100), and the company operates with just one employee, which may indicate limited operational capacity and financial buffer.

3. Positive Indicators:

• Active Status and Recent Incorporation: The company is active and was incorporated recently (June 2023), implying it is in early stages of development and could improve its financial position over time.
• Experienced Director with Accounting Expertise: One director is a Chartered Accountant, which could bode well for internal financial controls and management oversight.
• Micro-Entity Filing Compliance for Accounts: Though the confirmation statement is overdue, the company has filed its accounts on time for the period ended June 2024, demonstrating some degree of regulatory compliance.

4. Due Diligence Notes:

• Investigate reasons for the negative net assets and working capital deficit, including reviewing supplier terms, creditor pressures, and cash flow forecasts.
• Clarify the cause and status of the overdue confirmation statement filing and assess whether this is an isolated incident or indicative of broader governance issues.
• Assess the business model viability and revenue generation given the micro-entity scale, SIC classification in specialised food retail, and current asset base.
• Obtain management accounts or cash flow statements post-June 2024 to evaluate ongoing liquidity and operational performance.
• Verify the relationship between the two directors sharing the same business address and the impact on company operations and decision-making.