Company Number: 14832610

Analysis Date: 2025-07-29 20:08 UTC

1. Risk Rating: HIGH
   The company currently exhibits negative net assets and net current liabilities, indicating insolvency risk. The absence of employees and being in the start-up phase with limited operational history further increases uncertainty.

2. Key Concerns:

• Negative Net Assets (£-5,683) and Net Current Liabilities (£-20,334): The company’s liabilities exceed its assets, which suggests potential solvency issues and inability to meet short-term obligations.
• No Employees Reported: The company recorded zero employees during the period, raising questions about operational capacity and scalability.
• Early Stage with Limited Financial Data: Incorporated in April 2023, the company has a very short trading history and no profit and loss account filed, limiting insight into revenue generation and operational sustainability.

3. Positive Indicators:

• No Filing Delinquencies: Accounts and confirmation statements are up to date without overdue filings, indicating compliance with statutory requirements.
• Single Owner with Full Control: The sole director and 100% shareholder, Mr Maltin Shtylla, is actively involved, which could facilitate decisive management and swift decision-making.
• Registered in a Licensed Restaurant Industry (SIC 56101): The business operates in a defined sector with potential for revenue once established.

4. Due Diligence Notes:

• Investigate the company’s cash flow projections and funding sources to understand how it intends to resolve the current negative working capital.
• Obtain management accounts or trading updates to assess operational progress since incorporation and potential revenue streams.
• Confirm whether any related party transactions or director loans are supporting the company’s finances.
• Review the business plan and marketing strategy to evaluate viability in the competitive licensed restaurant market.
• Verify the director’s background and experience beyond the stated occupation (Executive Chef) for operational management capability.