Company Number: 13466583

Analysis Date: 2025-07-29 12:33 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial distress, evidenced by net liabilities of £9,023 as of June 2023, worsening from a positive net asset position in 2022. Current liabilities substantially exceed current assets, indicating solvency and liquidity risks.

2. Key Concerns:

• Negative net current assets (£-9,023) and net liabilities imply the company is unable to cover its short-term obligations with available assets.
• Increase in loans from directors (£11,104) suggests reliance on related party financing, which may not be sustainable or reflect external creditor confidence.
• Overdue accounts filing (last due 31 March 2025, but marked overdue) could indicate compliance or operational challenges, raising regulatory and governance concerns.

3. Positive Indicators:

• The company remains active and operational with a growing employee base (from 1 to 2 employees), which may reflect ongoing business activity.
• Directors appear engaged, with recent appointments and consistent reporting of company details, such as confirmation statements.
• Presence of a live website and contact information supports the existence of an operational business serving customers in the take-away food sector.

4. Due Diligence Notes:

• Investigate the terms and permanence of director loans and any associated repayment plans or guarantees.
• Review cash flow statements and recent trading performance to assess if the company is generating sufficient operational cash to improve liquidity.
• Verify reasons for overdue accounts filing and confirm if any penalties, investigations, or further regulatory actions have been initiated.
• Assess the business model’s sustainability given the small scale, losses, and competitive sector to understand prospects for turnaround or risk of insolvency.