Company Number: 15103172

Analysis Date: 2025-07-29 20:04 UTC

1. Risk Rating: HIGH
   Justification: The company shows a negative net asset position of £14,948, indicating liabilities exceed assets. Specifically, there is a significant creditor balance due after more than one year (£109,586) compared to relatively low current assets (£6,025). This suggests solvency concerns and potential financial stress early in its trading history.

2. Key Concerns:

• Negative net assets (£14,948), indicating insolvency on a balance sheet basis.
• Large long-term creditors (£109,586) relative to fixed assets (£94,031) and minimal current assets, which may indicate reliance on debt or supplier credit beyond the company’s immediate capacity to pay.
• Company is newly incorporated (August 2023) and already shows financial strain, raising questions about operational sustainability and cash flow management.

3. Positive Indicators:

• The company is compliant with filing requirements; accounts and confirmation statements are up to date with no overdue filings or penalties.
• The sole director and majority shareholder is identified clearly, with no adverse governance or director disqualification records reported.
• The business operates in a definable niche (food services and take-away food shops), which may have growth potential if operational and financial issues are managed.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term liabilities (£109,586), especially creditor composition, repayment schedules, and any collateral or guarantees.
• Review detailed cash flow statements and management accounts to assess liquidity and operational cash generation capacity, which is not available here.
• Understand the business model, customer base, and revenue streams to evaluate if the current financial position is a temporary startup phase issue or indicative of deeper operational challenges.
• Verify if there are any related party transactions or director loans contributing to the liabilities.
• Confirm whether there is any pending litigation, regulatory issues, or contingent liabilities not reflected in the micro-entity accounts.