CORNHILL COFFEE RENTALS LTD
Executive Summary
Cornhill Coffee Rentals Ltd is a recently established micro-entity with a solvent balance sheet and no compliance issues, placing it at low immediate financial risk. However, the absence of operational data and employees warrants further scrutiny of its business model and sustainability. Governance appears straightforward but concentrated ownership should be monitored.
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This analysis is opinion only and should not be interpreted as financial advice.
CORNHILL COFFEE RENTALS LTD - Analysis Report
Risk Rating: LOW
The company is newly incorporated (Nov 2022) and classified as a micro-entity with modest net assets (£20,281) and no liabilities reported. There are no overdue filings or signs of financial distress. The balance sheet indicates positive net current assets and shareholders' funds, suggesting solvency at this stage.Key Concerns:
- Limited financial history and size: Being very recently established with only one year of financials and no turnover or P&L data available, operational sustainability is uncertain.
- Zero employees: The company currently operates with no staff, which may indicate reliance on directors or contractors; this presents potential operational risk.
- Concentrated control: Two individuals hold equal significant control (25-50% shares and voting rights), which may present governance risks if conflicts arise.
- Positive Indicators:
- Clean compliance record with timely filing of accounts and confirmation statement, indicating good regulatory adherence.
- Positive net current assets and net assets demonstrate a solvent position with no current liabilities.
- Clear director and PSC information with no disqualifications or adverse records reported.
- Due Diligence Notes:
- Investigate company’s business plan and revenue generation as no turnover or profit/loss information is provided.
- Confirm the nature of the director’s involvement and whether third-party contracts or outsourcing are used to compensate for zero employees.
- Review any off-balance sheet liabilities or contingent risks not captured in micro-entity filings.
- Assess related party transactions given the family-like ownership structure (both PSCs share surname and address).
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