Company Number: 14786269

Analysis Date: 2025-07-20 13:39 UTC

1. Risk Rating: LOW
   GOAN DELICACY LIMITED is a newly incorporated private limited company (April 2023) with a clean filing record and positive net current assets. The financial data indicates solvency and no overdue filings, supporting a low risk profile at this early stage.

2. Key Concerns:

• Limited operating history: The company has only one financial period completed, which limits assessment of operational stability and revenue generation.
• No employees reported: The absence of employees suggests the business may be in a start-up phase or reliant on the director for operations, which could impact scalability and sustainability.
• Director loans: £13,500 of current liabilities are director loans, indicating reliance on related-party funding; this could become a liquidity concern if external financing is not obtained or profitability is not achieved.

3. Positive Indicators:

• Positive net current assets (£16,093) and net assets (£17,093): Indicates the company can meet short-term obligations with available cash and assets.
• Clean compliance record: No overdue accounts or confirmation statements, reflecting good governance and regulatory compliance.
• Sole director and PSC are the same individual: Simplifies control and decision-making, which can be advantageous in early-stage companies.
• Cash balance (£36,395) exceeds current liabilities (£20,302): Suggests adequate liquidity at the reporting date.

4. Due Diligence Notes:

• Verify revenue streams and profitability trends: As no detailed profit and loss account was filed, understanding business model viability and income sources is critical.
• Assess director loan terms and repayment plans: To evaluate potential liquidity pressure or need for refinancing.
• Investigate operational arrangements: Clarify whether the business is fully operational, outsourced, or preparatory, given no employees reported.
• Confirm sector risk: The SIC code (56103) for take-away food shops indicates a competitive, margin-sensitive market; consider market positioning and competitive advantage.