Company Number: 14369586

Analysis Date: 2025-07-29 15:49 UTC

1. Risk Rating: HIGH
   The company exhibits a worsening net liability position, with net current liabilities increasing to £1,172 and net assets declining to negative £1,172 as of 30 September 2024. This indicates the company is not currently solvent and may struggle to meet short-term obligations.

2. Key Concerns:

• Negative net assets and increasing net current liabilities signal financial distress and potential solvency risk.
• Absence of current assets as of the latest financial year end suggests serious liquidity constraints and potential cash flow issues.
• The company is very young (incorporated in September 2022) with limited operating history and minimal scale (2 employees), increasing operational risk and uncertainty about sustainability.

3. Positive Indicators:

• The company remains compliant with filing deadlines; no overdue accounts or confirmation statements, indicating good regulatory compliance.
• Directors are actively involved and hold significant control, which may support focused management oversight.
• The company operates in the wholesale food sector, a stable industry with potential for steady demand.

4. Due Diligence Notes:

• Investigate the nature of liabilities contributing to current liabilities and the absence of current assets to understand cash flow constraints.
• Review any off-balance sheet obligations or contingent liabilities not reflected in the accounts.
• Understand the business model, revenue generation, and plans for addressing negative equity and liquidity issues.
• Confirm whether any director or related party loans exist and the terms thereof.
• Monitor future filings for improvement in financial position or signs of further deterioration.