Company Number: 15024040

Analysis Date: 2025-07-29 13:05 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets (£-301) despite positive net current assets, indicating an overall liability position. Given the company is less than one year old with minimal assets (£118) and minimal liabilities, this suggests limited operational scale and potential cash flow constraints.

2. Key Concerns:

• Negative shareholders’ funds and net liabilities, albeit small, may indicate initial funding or capital structure issues.
• Very low current assets and minimal liabilities imply limited operational cash flow and working capital.
• Single director and sole shareholder structure could present governance concentration risk and limited management depth.

3. Positive Indicators:

• The company is compliant with filings and accounts, with no overdue returns or accounts.
• Micro-entity classification reduces regulatory burden and reporting complexity.
• The business is active with a clear SIC code for public houses and bars, indicating a defined industry focus.

4. Due Diligence Notes:

• Investigate the nature and timing of the negative net asset position—whether this reflects start-up losses or initial capital contributions shortfall.
• Assess cash flow forecasts and funding arrangements to ensure the company can meet ongoing obligations.
• Review director’s plans for business development and capital injection to support operational sustainability.
• Confirm absence of any contingent liabilities or off-balance sheet risks given the small scale of reported financials.
• Verify no director disqualifications or legal proceedings that could impact governance or creditworthiness.