Company Number: 14670583

Analysis Date: 2025-07-29 18:02 UTC

1. Risk Rating: MEDIUM
   Justification: Bravo Spice Limited is a newly incorporated private limited company operating in the fast food takeaway sector. The latest filed accounts show modest net assets (£22,981) but a slight working capital deficiency (net current assets of -£15). The company has a small asset base and current liabilities nearly equal current assets, indicating tight liquidity. No overdue filings or regulatory issues are evident, but the limited trading history and close matching of liabilities to assets suggest some caution.

2. Key Concerns:

• Liquidity Tightness: Current liabilities (£32,046) almost equal current assets (£32,031), resulting in a negligible net working capital and potential cash flow pressure.
• Limited Operating History: Incorporated in early 2023, with only one set of accounts filed. This restricts trend analysis and assessment of operational stability.
• Small Asset Base and Equity: Net assets and shareholder funds stand at £22,981, which is modest and may limit the company’s ability to absorb financial shocks or fund growth.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are up to date, indicating good compliance and governance practices.
• Positive Net Assets: The company is solvent on a balance sheet basis with net assets of £22,981, suggesting capital adequacy at this early stage.
• Majority Control by Single PSC: The sole significant controller (Mr Muhammad Ashfaq Islam) owns 75-100% shares, which can provide clear and decisive governance.

4. Due Diligence Notes:

• Investigate Cash Flow Management: Given the close match of current assets and liabilities, review recent cash flow statements and bank records to assess liquidity management and operational cash generation.
• Assess Business Model and Market Position: Understand the competitive environment of the takeaway food sector in Salford and the company’s customer base and growth prospects.
• Review Director Backgrounds: While no disqualifications are noted, further background checks on the directors’ experience and financial standing could provide insight into management capability.