Company Number: 13612199

Analysis Date: 2025-07-19 12:03 UTC

1. Risk Rating: LOW
   The company demonstrates a positive net asset position with net current assets of £32,149 as of 31 October 2023, an improvement from the previous year. Accounts and confirmation statements are filed on time, indicating regulatory compliance and operational diligence.

2. Key Concerns:

• Limited financial disclosure: As a micro-entity, detailed profit and loss data are not publicly available, restricting visibility on profitability and cash flow trends.
• Growing accruals and deferred income (£15,971 in 2023) could indicate timing differences in revenue recognition or potential cash flow timing issues that warrant monitoring.
• Relatively small scale operation with only 4 employees and micro-entity classification, which may limit operational resilience and diversification.

3. Positive Indicators:

• Consistent improvement in net assets from £2,065 in 2021 to £16,178 in 2023 suggests financial strengthening.
• Current assets exceed current liabilities comfortably, indicating good short-term liquidity.
• No overdue filings and no signs of regulatory or governance issues, reflecting sound compliance practices.
• Directors are resident in the UK, with clear control structure and no reported director disqualifications or adverse conduct.

4. Due Diligence Notes:

• Review internal management accounts or cash flow statements if available to assess operational profitability and liquidity beyond balance sheet snapshots.
• Clarify the nature and timing of accrued income and deferred income balances to evaluate any potential liquidity risks.
• Assess business model sustainability and competitive positioning given the company operates in the take-away food sector, which can be sensitive to market fluctuations and regulatory changes.
• Confirm the identity and roles of persons with significant control, as both listed PSCs claim 75-100% share ownership and voting rights—investigate potential shareholding structure complexity.