Company Number: 15169866

Analysis Date: 2025-07-20 18:23 UTC

1. Risk Rating: MEDIUM
   Despite being a newly incorporated micro-entity with modest net assets, the company shows a positive net current asset position and no overdue filings. However, its very limited scale, short operating history, and relatively low equity base introduce moderate risk from a solvency and operational stability perspective.

2. Key Concerns:

• Limited Operating History: Incorporated in September 2023, the company has just over one year of trading, limiting insight into its financial resilience and business model sustainability.
• Modest Net Assets and Capital Base: Net assets stand at £814 with minimal current assets (£1,854), indicating a thin capital buffer to absorb shocks or support growth.
• Concentration of Control: Single director and sole shareholder with 75-100% ownership may raise governance concerns and potential lack of oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: Both accounts and confirmation statement are filed on time, demonstrating regulatory compliance and governance discipline.
• Positive Net Current Assets: The company reports £1,663 net current assets, suggesting adequate short-term liquidity at the reporting date.
• Micro-Entity Status and Low Complexity: Operating as a micro-entity with only 2 employees and a straightforward business model (take-away food) reduces complexity and financial reporting risk.

4. Due Diligence Notes:

• Review management accounts and cash flow forecasts post-September 2024 to assess ongoing liquidity and trading performance.
• Investigate director background and any related-party transactions given the sole control and potential conflicts of interest.
• Examine the business plan and market positioning within the food takeaway sector to evaluate long-term viability and growth prospects.
• Confirm no contingent liabilities or off-balance sheet commitments that could impact solvency.
• Monitor future filings for trends in profitability, asset growth, or increasing liabilities.