Company Number: 13975520

Analysis Date: 2025-07-29 20:50 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and shareholders’ funds over the last two financial years, indicating ongoing losses and potential solvency issues. The absence of current assets to offset liabilities, combined with a negative working capital position, raises concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Negative net assets and shareholders’ funds worsening from -£4,709 in 2023 to -£1,206 in 2024, reflecting accumulated losses and possible capital erosion.
• Negative net current assets (-£822 as at March 2024) suggest liquidity constraints, meaning the company may struggle to cover its immediate liabilities.
• Limited financial disclosure (micro-entity filing) restricts insight into profitability, cash flows, and operational performance, increasing due diligence complexity.

3. Positive Indicators:

• The company is current with all statutory filings, including accounts and confirmation statements, indicating compliance with Companies House requirements.
• Directors and Persons with Significant Control (PSCs) are identified and appear to have stable and transparent ownership structures.
• The company is newly incorporated (March 2022) and appears to be maintaining business continuity with two employees, reflecting some operational activity.

4. Due Diligence Notes:

• Obtain detailed management accounts or cash flow statements to assess operational cash generation and short-term liquidity beyond the micro-entity filings.
• Investigate the nature of creditors and repayment terms to understand the risk profile of liabilities.
• Review any external financing arrangements or director loans that may support solvency.
• Confirm no director disqualifications or regulatory compliance issues beyond the publicly available data.
• Evaluate the business model and market positioning within the "Other food services" sector to gauge sustainability and growth prospects.