Company Number: 14355919

Analysis Date: 2025-07-20 12:32 UTC

1. Risk Rating: HIGH
   CULINARY TIMES LTD exhibits significant solvency risk, with net liabilities recorded consistently over the past two years and negative net current assets, indicating an inability to meet short-term obligations from available current assets.

2. Key Concerns:

• Negative Net Assets: The company reported net liabilities of approximately £6,211 as of 30 September 2024, worsening slightly from the prior year, signaling erosion of shareholder equity.
• Working Capital Deficit: Current liabilities (£173,598) exceed current assets (£99,674), resulting in a negative net current asset position of around £73,924, which raises liquidity concerns and potential cash flow difficulties.
• Lack of Operating Activity: No employees reported and no audit conducted due to micro-entity status with minimal disclosures; limited financial transparency makes operational sustainability uncertain.

3. Positive Indicators:

• Timely Filings: Both accounts and confirmation statements are up to date, indicating compliance with statutory filing requirements.
• Stable Fixed Assets: Fixed assets remain constant at £67,713 over the reported periods, representing some tangible asset base.
• Control Concentration: A single shareholder holds 75-100% ownership and voting rights, which may facilitate decisive management and capital injections if necessary.

4. Due Diligence Notes:

• Investigate the nature of current liabilities to assess urgency and terms of repayment.
• Clarify the source and sustainability of funding given ongoing negative equity and working capital deficits.
• Review business model and revenue streams, given absence of employees and minimal disclosed operational activity.
• Confirm if any informal financial support or director loans exist that are not reflected in the accounts.
• Examine any contingent liabilities or potential off-balance sheet risks.