FOOTPRINT1 LIMITED
Company number 07523520 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Assessment: FOOTPRINT1 LIMITED
1. Credit Opinion: CONDITIONAL
Reasoning: The assessment must be conditional due to significant information gaps. While the company maintains active status and current filings, the absence of financial data prevents a complete creditworthiness evaluation. The company's structure as a holding company with minimal share capital (£2) and recent name change from Westbury Street Holdings raises material concerns that require clarification before full credit approval.
Key concerns requiring resolution: - No financial statements available for review - Minimal capitalization suggests potential thin equity cushion - Recent corporate name change (September 2026) may indicate restructuring - Complex ownership structure requires mapping to understand group exposure
2. Financial Strength
Share Capital: £2 — This is exceptionally thin capitalization, representing just two £1 ordinary shares. While common in holding company structures where subsidiaries hold operational assets, it provides no meaningful equity buffer at this entity level.
Financial Data: No balance sheet, profit & loss, or cash flow data is available for review. This is a critical gap — without visibility on net assets, working capital position, or retained earnings, financial strength cannot be meaningfully assessed.
Accounts Category: The company files "Full" accounts rather than abbreviated, which suggests it may exceed small company thresholds or has elected to file full accounts voluntarily. This is somewhat inconsistent with the £2 share capital and warrants investigation.
Assessment: Unable to determine. The thin share capital is a structural weakness, but holding companies often operate with minimal share capital funded through intercompany loans. Group-level financials would be essential.
3. Cash Flow Assessment
Liquidity Position: Cannot be assessed — no current assets, current liabilities, or cash position data available.
Working Capital: Unknown. As a holding company, cash flow likely depends on upstream dividends or management fees from subsidiaries. Without visibility into group cash generation, intercompany positions, and dividend policies, debt service capability cannot be evaluated.
Debt Service Capacity: Indeterminate. The fundamental question — "Can they pay?" — cannot be answered without financial data.
4. Monitoring Points
| Metric | Concern Level | Action Required |
|---|---|---|
| Financial Filing | 🔴 Critical | Obtain and review latest filed accounts — last made up to 25 December 2024 |
| Group Structure | 🔴 Critical | Map full WSH group structure; identify ultimate parent and key trading subsidiaries |
| Name Change | 🟡 High | Clarify rationale for September 2026 name change from Westbury Street Holdings — may indicate restructuring, M&A activity, or entity repurposing |
| Intercompany Positions | 🔴 Critical | Quantify intercompany receivables/payables; assess dependency on group for liquidity |
| PSC Overlap | 🟡 High | Two PSCs (WSH UK & Ireland Limited and WSH Hospitality Limited) each hold >75% — clarify whether this reflects parallel ownership structures or data error |
| Director Profile | 🟢 Monitor | Alastair Storey is a well-known hospitality sector figure (Westbury Street Holdings founder); verify any disqualification records |
| Filing Timeliness | 🟢 Low | Currently compliant — next accounts due 30 September 2026 |
Additional Observations
Business Nature: SIC code 64209 classifies this as a holding company. It does not generate revenue through trading — its purpose is owning and managing subsidiary investments. Credit exposure therefore depends entirely on the quality and performance of underlying subsidiaries and the legal structure governing cash flows.
Director Quality: Alastair Dunbar Storey has a public profile as a prominent figure in UK contract catering and hospitality (BaxterStorey, WSH Group). This brings sector expertise but also concentration risk if the group's fortunes are tied to hospitality sector cycles.
Regulatory Compliance: The company is current with filings and not overdue on accounts or confirmation statements. No disqualification records noted for directors.