Company Number: 15038389

Analysis Date: 2025-07-20 12:05 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position (£-529) and significant current liabilities exceeding current assets by £191,733, indicating potential solvency and liquidity risks.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The balance sheet shows liabilities exceeding assets, which may impair ability to meet obligations as they fall due.
• High Current Liabilities Relative to Current Assets: Current liabilities of £267,535 overshadow current assets of £75,802, suggesting possible cash flow stress.
• Short Operating History and Limited Financial Data: Incorporated in July 2023 with only one set of micro-entity accounts limits assessment of operational stability and financial trends.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date, indicating compliance with statutory requirements.
• Directors' Active Engagement: Directors are British nationals residing at the registered address, with no indications of disqualifications or governance issues.
• Micro-entity Reporting: The company is classified as a micro-entity, which may reflect a small, manageable scale of operations appropriate for its stage.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to understand immediate cash obligations and any contingent liabilities.
• Review cash flow statements or bank statements (if available) to assess liquidity beyond the balance sheet snapshot.
• Clarify the business model given SIC codes spanning postal activities and retail food sales, and how these generate revenue to cover liabilities.
• Understand the impact of the director resignation in December 2023 on governance and operations.
• Confirm any related party transactions or shareholder loans that may affect financial stability.