FLAT FISHES LIMITED

Executive Summary

Flat Fishes Limited is a newly formed micro-entity showing positive net assets and no immediate liquidity or regulatory compliance concerns. However, its limited financial history and concentrated ownership warrant careful monitoring. Overall, the company currently presents a low investment risk profile but should be subject to ongoing due diligence as it develops operationally.

FLAT FISHES LIMITED - Analysis Report

Company Number: 15208983

Analysis Date: 2025-07-29 19:13 UTC

1. Risk Rating: LOW
   Flat Fishes Limited is a newly incorporated micro-entity with a positive net asset position and no overdue filings. The company demonstrates adequate short-term liquidity and no signs of financial distress at this early stage.

2. Key Concerns:

• Limited Financial History: Incorporated only in October 2023, there is very limited financial track record available, which restricts the ability to assess performance trends or operational resilience.
• Modest Net Assets and Working Capital: Although positive, net assets of approximately £13.5k and net current assets of about £12k are relatively small, reflecting the micro scale and potential sensitivity to cash flow fluctuations.
• Single Shareholder Control: Mrs. Irene Daniel holds 75-100% ownership and voting rights, concentrating control and potentially increasing governance risk if there is limited independent oversight.

3. Positive Indicators:

• Current Solvency and Liquidity: Current assets (£79k) comfortably exceed current liabilities (£67k), resulting in positive working capital, which suggests the company can meet short-term obligations.
• Compliance with Filing Requirements: Accounts and confirmation statement filings are up to date with no overdue returns, indicating good regulatory compliance.
• Micro-entity Status and Audit Exemption: The company benefits from simplified reporting requirements and cost savings associated with micro-entity provisions, appropriate for its size and stage.

4. Due Diligence Notes:

• Verify the nature and sustainability of the company’s revenue streams and business model classified under SIC 96090 (Other service activities not elsewhere classified).
• Review cash flow projections and anticipated capital requirements given the small asset base and limited employees (average 1 employee).
• Assess governance practices given the concentrated ownership and directorship, including any related party transactions or conflicts of interest.
• Monitor future filings for consistency and any material changes in financial position or operational scope.