Company Number: 14527433

Analysis Date: 2025-07-29 13:35 UTC

1. Risk Rating: HIGH
   Justification: FOOD ON REPEAT CIC is a recently incorporated community interest company with minimal financial activity and no retained earnings or net assets. The company shows a nominal turnover (£10,000) just covering costs, with zero profit and zero net funds, indicating a fragile financial position with limited solvency or liquidity buffers.

2. Key Concerns:

• Financial Fragility: The company has no shareholders’ funds or reserves and operates at break-even with very low turnover, raising concerns about its ability to meet obligations or sustain operations without external funding.
• Limited Operational History: Incorporated only in December 2022, with the first financial year ending December 2023, the company is in an early stage with minimal trading history and unproven business sustainability.
• Lack of Stakeholder Engagement and Funding: The Community Interest Report notes no consultation with stakeholders and minimal activity due to the absence of grant funding, which may impede operational stability and growth.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time, reflecting good governance and regulatory compliance to date.
• Clear Governance Structure: The company has two appointed directors with full voting control clearly documented, providing clarity on control and decision-making.
• Community Interest Focus: As a CIC, the company has a defined social purpose targeting youth hospitality training, which may attract grant funding and community support in the future.

4. Due Diligence Notes:

• Investigate the company’s current cash position and any sources of funding or grants secured since the year-end.
• Review cash flow forecasts and business plans to assess sustainability beyond the initial setup phase.
• Confirm no director disqualifications or governance issues beyond what is publicly available.
• Assess any contingent liabilities or commitments not disclosed in the accounts.
• Examine the impact of the CIC structure on financial operations, including restrictions on asset distribution.