CANTERBURY VIBES EVENTS LTD

Executive Summary

Canterbury Vibes Events Ltd exhibits a high risk profile due to its negative equity position and insufficient current assets to cover liabilities as of the latest financial year. While compliance with filing requirements is maintained, the company’s minimal operational footprint and sharp decline in net assets suggest potential solvency and liquidity challenges. Further investigation into the company’s financial deterioration and operational status is recommended before any investment consideration.

CANTERBURY VIBES EVENTS LTD - Analysis Report

Company Number: 14355619

Analysis Date: 2025-07-29 12:25 UTC

1. Risk Rating: HIGH

The company shows significant financial deterioration within one year, moving from positive shareholders’ funds (£12,512 in 2023) to negative equity (-£97 in 2024). Current liabilities exceed current assets in 2024, indicating potential liquidity issues. The absence of employees and minimal current assets raise concerns about operational sustainability.

2. Key Concerns:

• Negative Equity and Declining Net Assets: Shareholders’ funds declined sharply from £12,512 to -£97, signalling accumulated losses or capital erosion.
• Poor Liquidity Position: Current liabilities (£170) exceed current assets (£73) as of 2024-09-30, indicating potential difficulty in meeting short-term obligations.
• Lack of Operational Activity: The company employed zero staff in both periods and current assets have fallen drastically, suggesting limited or no trading activity.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating compliance with statutory requirements.
• Sole Director and PSC Stability: Mr. Stefan Sever Lupu retains full control and directorship since inception, providing consistent management.
• Microsize Category: The company is classified as a micro-entity, which implies relatively low operational scale and filing complexity.

4. Due Diligence Notes:

• Investigate Reasons for Equity Decline: Review detailed financial statements or management commentary to understand the cause of negative equity (e.g., losses, write-offs).
• Assess Cash Flow and Funding Sources: Confirm if the company has access to additional capital or credit lines to cover current liabilities given poor liquidity.
• Operational Status and Business Model: Clarify if the company is actively trading or in a start-up/incubation phase with limited transactions, given negligible assets and zero employees.
• Check for Related Party Transactions: Given sole control by Mr. Lupu, verify any transactions or loans from the director or related entities.
• Future Plans and Viability: Obtain strategic outlook or plans to restore financial health and operational activity.