CURRY BAZAAR FOUNDATION LTD

Executive Summary

CURRY BAZAAR FOUNDATION LTD is a start-up membership organization with a fragile financial position, showing negative net assets and a working capital deficit in its first year. The company currently lacks the financial strength and liquidity to support external credit, posing high risk to lenders. Close monitoring of cash flow and funding developments is essential before reconsidering credit facilities.

CURRY BAZAAR FOUNDATION LTD - Analysis Report

Company Number: 14686491

Analysis Date: 2025-07-29 14:55 UTC

1. Credit Opinion: DECLINE
   CURRY BAZAAR FOUNDATION LTD is a newly incorporated private company limited by guarantee, filing micro-entity accounts. The latest financials as of 28 February 2024 show net current liabilities of £959 and negative net assets of the same amount, indicating the company is currently insolvent on a balance sheet basis. As a micro entity with limited operations (1 employee) and no share capital, its ability to service any credit facility is currently weak. The negative working capital position and absence of substantial assets or reserves imply reliance on external funding or founder support. Without clear evidence of operational cash inflows or improvements, extending credit would bear significant risk.

2. Financial Strength:
   The balance sheet is minimal with current assets of £6,839 mainly likely cash or receivables, offset by current liabilities of £7,798. There are no fixed assets, and the company has no equity capital since it is limited by guarantee, reflected in negative net assets of £959. This reflects a fragile financial position typical of a startup or early-stage membership organization. The company’s micro-entity status means limited disclosure and no audit, which decreases transparency. The financial trajectory is unproven with only one year of accounts and no profitability or retained earnings.

3. Cash Flow Assessment:
   The company shows a small negative net current asset position, indicating a working capital deficiency. Liquidity is tight; the current liabilities slightly exceed current assets. As the company has only one employee and is newly formed, operating cash flows are likely limited or negative. No detailed cash flow statement is provided to evaluate cash generation. The absence of fixed assets and low asset base suggests limited collateral value. The company’s ability to meet short-term obligations depends on continued capital injections or grants, which may be uncertain.

4. Monitoring Points:

• Quarterly review of cash flow forecasts and actual cash balances to detect liquidity stress early.
• Monitoring the evolution of net current assets to ensure the working capital position improves.
• Tracking any new funding rounds, grants, or donations that support operations and cash flow.
• Review of management’s plans for operational growth and cost control to achieve sustainable financial health.
• Watch for any overdue filings or changes in director appointments that may signal governance issues.