Company Number: 14841839

Analysis Date: 2025-07-20 13:29 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant solvency concerns with net liabilities of £22,776 and negative net current assets of £31,338, indicating it is unable to meet short-term obligations from current assets. There is also no recorded employee base or trading history, suggesting operational inactivity or early-stage development with minimal revenue generation.

2. Key Concerns:

• Negative net assets and net current liabilities point to financial distress and potential insolvency risk.
• Absence of employees and no profit and loss account filed implies limited or no trading activity, raising questions on business sustainability.
• Frequent changes in directors and ultimate control concentrated among three individuals with overlapping shares may indicate governance instability or lack of independent oversight.

3. Positive Indicators:

• The company is currently active and filings (accounts and confirmation statements) are up to date and not overdue, reflecting compliance with statutory requirements.
• Incorporation is recent (May 2023), so financial losses and negative equity may reflect startup phase rather than established operational failure.
• The company operates in a known SIC classification (take-away food shops), which is a clear business sector with potential market demand.

4. Due Diligence Notes:

• Investigate cash flow and funding sources to assess how the company intends to cover its current liabilities and negative equity position.
• Confirm the status and nature of business operations given zero employees and absence of profit and loss accounts.
• Review director background and related party transactions given the changes in appointments and overlapping control to identify any potential conflicts or risk factors.
• Evaluate plans for future capital injections or operational developments that could remedy current financial deficits.