GE'EZ RESTAURANT AND BAR LIMITED

Executive Summary

GE'EZ RESTAURANT AND BAR LIMITED is a recently incorporated micro-entity reporting negative net assets and significant short-term liabilities exceeding current assets. The company’s liquidity position is weak, and it lacks financial strength to support credit facilities. Credit is not recommended at this stage without evidence of capital support or improved financial performance.

GE'EZ RESTAURANT AND BAR LIMITED - Analysis Report

Company Number: 15221755

Analysis Date: 2025-07-29 16:38 UTC

1. Credit Opinion: DECLINE. The company has reported significant net current liabilities of £15,721 as of 31 October 2024, indicating an inability to meet short-term obligations from current assets. Given the company’s recent incorporation in October 2023 and the negative net asset position, there is substantial credit risk. The absence of any audit and the micro-entity status suggest limited financial transparency and scale. Without a clear plan or evidence of funding or profitability, the company’s capacity to service any debt or credit facility is doubtful at this stage.

2. Financial Strength: The balance sheet shows total current assets of only £1,315 against current liabilities of £17,036, resulting in a net current liability position of £15,721. Total net assets are negative by the same amount, reflecting accumulated losses or initial capital shortfall. Shareholders’ funds are negative, indicating that the company is technically insolvent on a going-concern basis. As a micro-entity with only 2 employees, it is likely in startup mode without significant fixed assets or reserves.

3. Cash Flow Assessment: The cash or cash equivalent portion of current assets is very low (£1,315), which is insufficient to cover short-term liabilities (£17,036). This suggests liquidity constraints and potential cash flow difficulties to meet operating expenses or repay creditors promptly. Working capital is negative, which raises concerns regarding day-to-day operational finance management and the ability to withstand adverse economic conditions or delays in revenue inflows.

4. Monitoring Points:

• Improvement in net current assets: Watch for reduction of current liabilities or increase in current assets in subsequent filings.
• Profitability trends: Monitor future profit and loss accounts to assess if the company moves towards positive retained earnings.
• Director and shareholder support: Track any capital injections or personal guarantees from the controlling directors.
• Timely filing and compliance: Ensure ongoing compliance with Companies House filings and absence of overdue accounts.
• Cash flow management: Review bank statements or cash flow forecasts if available to assess liquidity improvements.