Company Number: 15069102

Analysis Date: 2025-07-29 14:26 UTC

1. Risk Rating: MEDIUM
   The company shows a modest positive net current asset position (£104) but overall net liabilities of £737. Given its recent incorporation (2023), limited operating history, and negative net equity, there is moderate solvency risk. The positive working capital suggests some short-term liquidity adequacy, but the negative net assets indicate that the company’s obligations exceed its total assets, which is a concern.

2. Key Concerns:

• Negative Net Assets/Shareholders’ Funds: The company has net liabilities (£737) indicating that accumulated losses or initial funding shortfall have not yet been recovered. This can impair solvency if not addressed.
• Limited Operating History: Incorporated in August 2023 with first filing in August 2024, there is insufficient track record to assess operational sustainability or profitability trends.
• Minimal Asset Base: Fixed assets are very low (£409), and current assets (£13,537) just cover current liabilities (£13,433), leaving a very thin margin for unexpected cash flow needs or creditor demands.

3. Positive Indicators:

• Current Assets Slightly Exceed Current Liabilities: Indicates the company can meet short-term obligations as of the latest accounts.
• No Overdue Filings or Compliance Issues: Accounts and confirmation statements are filed on time, demonstrating regulatory compliance and good governance practices.
• Single Controlling Shareholder/Director: Clear control by Miss Zheng Zheng Qin, potentially enabling swift decision-making and aligned incentives.

4. Due Diligence Notes:

• Investigate source of negative net assets: Are these accumulated losses or initial capital structure issues?
• Review cash flow forecasts and current bank balances to confirm liquidity beyond balance sheet figures.
• Assess business plan and market environment for take-away food operations to evaluate operational sustainability and growth prospects.
• Confirm no contingent liabilities or off-balance sheet obligations could exacerbate financial risk.
• Verify director’s background and any history of financial or regulatory issues (none evident here but standard practice).