Company Number: 13128058

Analysis Date: 2025-07-20 13:38 UTC

1. Risk Rating: LOW
   BINO LTD shows a stable and improving financial position with positive net assets and net current assets. The company is compliant with filing deadlines, and there are no indicators of distress or regulatory issues.

2. Key Concerns:

• Limited Scale and Capitalization: The company operates as a micro-entity with minimal share capital (£1) and only one employee, which may constrain operational scalability and financial flexibility.
• Lack of Profit and Loss Disclosure: The absence of a profit and loss account limits insight into profitability and cash flow trends, restricting a full assessment of operational performance.
• Single Director and PSC Concentration: Control is concentrated in a single individual (Mr Franco James Barozzi), which may raise governance and succession risks, although this is common in small private companies.

3. Positive Indicators:

• Improving Financial Position: Shareholders’ funds increased from £7,020 (2023) to £12,191 (2024), indicating retained earnings or capital injections.
• Healthy Working Capital: Net current assets improved to £6,566 in 2024 from £7,020 in 2023, demonstrating sufficient short-term liquidity to meet obligations.
• Regulatory Compliance: No overdue filings; accounts and confirmation statements are filed on time, reflecting good governance discipline.

4. Due Diligence Notes:

• Profitability and Cash Flow Details: Request access to profit and loss accounts or management accounts to evaluate income streams, margins, and cash flow sustainability.
• Customer and Contract Base: Understand the client profile and contract terms given the event catering SIC code, as this sector can be sensitive to economic cycles and seasonality.
• Director’s Background and Governance Practices: Review any potential related party transactions or conflicts given sole director control and assess internal controls in place.