ECE MOBILE CHEF LTD

Executive Summary

ECE Mobile Chef Ltd is a very small, recently incorporated food services company showing positive net current assets and good compliance with statutory filings. Its liquidity position appears sound with increasing cash balances, although the limited operational scale and short trading history warrant careful review. Concentration of control and limited financial disclosures are the main points for further investigation.

ECE MOBILE CHEF LTD - Analysis Report

Company Number: 14528010

Analysis Date: 2025-07-29 13:13 UTC

1. Risk Rating: LOW

Justification: The company, incorporated in December 2022, shows positive net current assets of £4,838 and shareholders’ funds of the same amount as of November 2024. There are no overdue filings, and the company is active with a single director who owns 75-100% of shares. The current liabilities are low (£686) relative to current assets (£5,524), indicating good short-term liquidity.

2. Key Concerns:

• Limited scale and history: The company is very young (just over 2 years) with minimal financial data, making trend analysis and long-term stability assessment difficult.
• Small size and single-employee operation: With only one employee (the director) and very modest assets, the company may have limited operational capacity and vulnerability to business disruptions.
• Reliance on a single director/shareholder: Control and decision-making are concentrated, which may present governance and succession risks.

3. Positive Indicators:

• Positive working capital: Net current assets of £4,838 suggest the company can comfortably meet short-term obligations.
• No overdue statutory filings: Both accounts and confirmation statements are up to date, indicating good compliance.
• Increasing cash balance: Cash holdings have increased from £990 in 2023 to £4,024 in 2024, improving liquidity.

4. Due Diligence Notes:

• Verify the nature and collectability of trade debtors (£1,500) to ensure they represent real receivables.
• Review the business model and revenue streams, as the income statement is not publicly filed; understanding profitability and cash flow generation is critical.
• Assess any contingent liabilities or off-balance sheet commitments not disclosed in the filleted accounts.
• Confirm the director’s background and financial support capability given the company’s small scale and sole control.