Company Number: 14719136

Analysis Date: 2025-07-29 19:12 UTC

1. Risk Rating: MEDIUM
   The company shows a marginally positive net current asset position (£225) but overall net liabilities of £525 as of the latest accounts. The balance sheet indicates very limited asset base and a negative net worth, which raises concerns about solvency if liabilities increase or if cash flows deteriorate.

2. Key Concerns:

• Negative net assets (-£525) despite a small positive working capital suggest limited financial buffer to absorb losses or unexpected expenses.
• Very low cash and current asset levels (£4,047) against current liabilities (£3,822) may point to tight liquidity and limited operational cash flow.
• The company is very young (incorporated March 2023) with minimal financial history, increasing uncertainty about operational sustainability and creditworthiness.

3. Positive Indicators:

• The company has met its filing deadlines for both accounts and confirmation statements, indicating regulatory compliance and good governance to date.
• A single director and shareholder with full control (Mrs Jihyun Kim) may facilitate swift decision-making and consistent strategic direction.
• The net current assets are positive, which suggests the company can currently meet short-term liabilities.

4. Due Diligence Notes:

• Investigate the nature and timing of the accruals and deferred income (£750) to understand future cash flow obligations or revenue recognition issues that impact net assets.
• Review detailed cash flow statements (if available) to assess operational liquidity and the ability to generate ongoing positive cash flow.
• Evaluate business plan and market conditions for the SIC codes (take-away food and agent sales) to gauge operational risks and growth potential.
• Confirm if there are any contingent liabilities or off-balance sheet commitments not reflected in the current accounts.
• Assess director’s background and financial commitments, especially as sole shareholder and director, to understand dependency risks.