Company Number: 15399553

Analysis Date: 2025-07-20 19:16 UTC

1. Risk Rating: HIGH
   Justification: Herrington Wok Limited is a newly incorporated micro-entity with extremely minimal financial data—current assets and net assets stand at only £10, with no reported liabilities or sales figures. The absence of income or operational history, combined with zero employees and no profit and loss information, indicates a very early-stage company with potentially high operational and liquidity risks.

2. Key Concerns:

• Liquidity and Cash Flow: The company holds only £10 in current assets, which is insufficient to cover any meaningful operational expenses or liabilities that may arise.
• Operational Stability: No employees and no turnover reported; the company’s business model and sustainability are unproven at this stage.
• Limited Financial Transparency: As a micro-entity, only filleted accounts have been filed, with no profit and loss account submitted, restricting insight into revenue or expense trends.

3. Positive Indicators:

• Compliance: The company is up to date with both accounts and confirmation statement filings, with no overdue submissions or penalties.
• Clear Ownership and Control: The sole director and 75-100% shareholder is identified, which simplifies governance and decision-making.
• No Indications of Insolvency or Legal Issues: The company is active, not in liquidation or administration, and no director disqualification or compliance concerns are evident.

4. Due Diligence Notes:

• Investigate the company’s business plan and initial capital investment sources to assess the foundation for future operations.
• Verify cash flow projections and planned funding to understand how the company intends to sustain operations beyond the minimal current assets.
• Monitor future filings for P&L accounts and turnover figures to gauge business activity and financial health progression.