Company Number: 14315093

Analysis Date: 2025-07-20 11:52 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. BAR & GAMING LTD is a micro private limited company incorporated in 2022 and operating in the licensed restaurant sector. The company shows modest net assets (£11.6k) and has positive net current assets (£3.9k), indicating a marginally positive working capital position. However, there is a significant amount of creditors due after one year (£49.7k) relative to total net assets, which suggests some longer-term liabilities that need careful monitoring. The company is still in its early stage with only one set of accounts filed and an average of 9 employees, so the financial history is limited. The single shareholder and director, Mr. Ricky Leon Bailey, shows clear control and accountability. Approval is recommended on condition of regular review of liquidity and creditor management.

2. Financial Strength: The balance sheet shows fixed assets of £57.4k and current assets of £36.2k, against current liabilities of £32.4k, yielding positive net current assets of £3.9k. However, the company also carries significant long-term creditors of £49.7k, which reduces total net assets to £11.6k. Shareholders’ funds also stand at £11.6k, indicating that the company is slightly capitalised above its liabilities. The small scale and micro-entity classification limit the scope of financial robustness. Overall, balance sheet strength is modest with limited equity buffer and relatively high long-term liabilities.

3. Cash Flow Assessment: With current assets just above current liabilities, working capital is positive but tight. The shortfall between current liabilities and current assets is narrow, meaning liquidity could become a constraint if operations slow or creditors demand payment. The presence of long-term creditors suggests some debt financing, but details on repayment terms are unknown. Cash flow adequacy to meet short-term obligations appears marginal; hence, careful cash management and monitoring of creditor terms is essential. Early-stage status typically means cash flow volatility risk is higher.

4. Monitoring Points:

• Liquidity ratios and cash flow statements to ensure the company maintains sufficient cash to cover short-term liabilities
• Management of long-term creditor repayments to avoid liquidity strain
• Revenue and profit trends in subsequent filings to assess growth trajectory and operational efficiency
• Any changes in director/shareholder structure or increases in financial leverage
• Timely filing of accounts and confirmation statements to maintain regulatory compliance