Company Number: 13537506

Analysis Date: 2025-07-20 17:49 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position as of the latest accounts, indicating potential solvency issues. Current liabilities remain constant and exceed current assets, suggesting liquidity constraints. The company's micro-entity status and short operating history limit visibility into operational stability.

2. Key Concerns:

• Negative net assets (£1,410 deficit) in 2023, down from positive net assets in prior years, indicating declining financial health and potential insolvency risk.
• Current liabilities (£35,000) significantly exceed current assets (£8,590), implying working capital shortages and potential cash flow difficulties.
• Limited financial history (since 2021) and small scale (micro-entity) restrict ability to assess sustainability and growth prospects.

3. Positive Indicators:

• The company has remained current with statutory filings and is not overdue on accounts or confirmation statements, reflecting compliance discipline.
• An increase in average number of employees from 4 to 6 suggests some operational growth.
• The director and sole significant controller is clearly identified, providing transparency in governance.

4. Due Diligence Notes:

• Investigate the nature and terms of the £35,000 creditors falling due after more than one year to understand debt servicing risk and maturity profile.
• Assess cash flow statements and profit and loss accounts (not available here) to evaluate operational profitability and liquidity trends.
• Review business model viability and market conditions given the industry (take-away food) and any impact from external factors such as competition or regulatory changes.
• Confirm no director disqualifications or related governance issues beyond what is disclosed.