CHILLED & GRILLED CATERING & EVENTS LTD

Executive Summary

Chilled & Grilled Catering & Events Ltd demonstrates critical financial distress characterized by negative net assets and severe liquidity shortfalls. Despite compliance with filing deadlines, the absence of current assets and ongoing losses raise substantial concerns about the company's ability to sustain operations and meet liabilities. Further due diligence into cash flow, revenue generation, and management strategies is essential to assess potential recovery or risk of insolvency.

CHILLED & GRILLED CATERING & EVENTS LTD - Analysis Report

Company Number: 12795391

Analysis Date: 2025-07-20 16:09 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns evidenced by persistent and growing net liabilities and negative net current assets. The absence of current assets and increasing current liabilities indicate severe liquidity issues, raising doubts about the company’s ability to meet short-term obligations.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: Net liabilities increased from -£3,291 in 2020 to -£12,518 in 2024, reflecting sustained losses and erosion of equity capital.
• Severe Liquidity Deficit: Current liabilities (£15,636) substantially exceed current assets (£0) as of the latest accounts, indicating inability to cover immediate debts.
• No Employees and Limited Operational Scale: The company reports zero employees besides the director, suggesting very limited operational capacity and possibly minimal ongoing business activity, which may impair revenue generation and sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed accounts and confirmation statements on time, demonstrating regulatory compliance and governance discipline in maintaining statutory obligations.
• Stable Directorship: A single director has maintained continuous appointment since incorporation, which could imply consistent management oversight.
• Micro-Entity Filing Status: Reduced complexity in filings may indicate a simple business structure, potentially easier to manage but also reflecting limited scale.

4. Due Diligence Notes:

• Investigate the company’s cash flow and sources of funding given the zero current assets and negative working capital—confirm whether external financing or director loans support operations.
• Assess the business model viability and revenue streams in light of no employees and ongoing losses to determine operational sustainability.
• Clarify any contingent liabilities or off-balance sheet risks not captured in the micro-entity accounts that might exacerbate financial distress.
• Review director’s plans or proposals for addressing the financial deficits and whether any restructuring or refinancing is contemplated.