Company Number: 12584901

Analysis Date: 2025-07-20 15:08 UTC

1. Risk Rating: HIGH

The company’s financial data indicates a negative net asset position and net current liabilities, which signifies solvency risks. Despite being active and timely with filings, BESPOKE HARDWARE LTD shows signs of financial distress typical of a micro-entity struggling to cover short-term liabilities.

2. Key Concerns:

• Solvency Risk: The balance sheet as of 31 May 2024 shows net current liabilities of £8,191 and total net liabilities of the same amount, indicating the company’s liabilities exceed its assets.
• Negative Equity Position: Shareholders’ funds are negative (£-8,191), suggesting accumulated losses or undercapitalization.
• No Employees and Minimal Share Capital: The company operates with zero employees and just £1 share capital, which raises questions about operational scale and sustainability.

3. Positive Indicators:

• Current Filing Compliance: Accounts and confirmation statements are up to date with no overdue filings, reflecting good regulatory compliance.
• Consistent Reporting Period and Stability of Director: The same director has been in place since incorporation with no changes, which may reflect stable governance.
• Incremental Increase in Net Current Liabilities: While net current liabilities have increased, the level of movement is moderate, suggesting no sudden deterioration.

4. Due Diligence Notes:

• Investigate Underlying Cause of Negative Net Assets: Review detailed profit and loss accounts and cash flow statements to understand losses or write-downs leading to negative equity.
• Assess Cash Flow and Working Capital Management: Clarify how the company manages cash given current liabilities exceed current assets.
• Confirm Business Model and Revenue Generation: With no employees and minimal capital, confirm how business operations are carried out and revenue streams sustained.
• Review Director’s Background and Capacity: Although the director is stable, the occupation listed as factory worker may suggest limited business experience; validate management capability.
• Examine Any Contingent Liabilities or Off-Balance Sheet Items: Ensure no hidden risks are unreported in the micro-entity accounts.