Company Number: 13023969

Analysis Date: 2025-07-20 14:20 UTC

1. Risk Rating: HIGH
   The company’s financial data indicates extremely minimal asset base and equity (£100 net assets consistently across four years), suggesting minimal capitalisation and very limited financial resources. This raises significant concerns regarding the company’s ability to meet obligations and sustain operations.

2. Key Concerns:

• Minimal Financial Substance: Total net assets and shareholders’ funds remain at £100 over multiple years, implying no material growth or financial buffer to absorb losses or fund operations.
• Lack of Financial Detail: Accounts are filed under the micro-entity exemption with no profit and loss statement or cash flow information available, limiting insight into operational performance and liquidity.
• Single Director and Shareholder: The company is controlled solely by one individual, which increases governance and operational risk, especially without indication of additional managerial support or oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements have been filed on time, with no overdue filings or signs of regulatory non-compliance.
• Active Status: The company remains active and not subject to liquidation, administration, or receivership proceedings.
• Consistent Employee Base: The company reports an average of three employees, indicating ongoing operations rather than dormancy.

4. Due Diligence Notes:

• Investigate the company’s source of revenue and profitability given the static balance sheet figures and limited financial disclosure.
• Confirm the company’s cash flow position and ability to meet short-term liabilities, as no current assets or liabilities data are disclosed beyond aggregate net amounts.
• Assess the director’s background and capacity to manage the business, including any potential associated risks due to single-person leadership.
• Review any off-balance sheet liabilities or contingent risks not disclosed in the micro-entity accounts.
• Understand the business model and market positioning within the takeaway food sector to evaluate operational sustainability.