Company Number: 14746752

Analysis Date: 2025-07-29 17:38 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial distress as evidenced by negative net current assets and shareholders' funds shortly after incorporation, indicating solvency and liquidity risks.

2. Key Concerns:

• Negative net current assets of £33,889 and shareholders’ funds of £17,283 deficit suggest an inability to meet short-term liabilities from current assets.
• The company is newly incorporated (March 2023) with only one financial year reported, limiting the visibility of operational performance and sustainability.
• Minimal current assets (£1,451) compared to substantial current liabilities (£35,340) raise immediate liquidity concerns, potentially impacting ongoing operations.

3. Positive Indicators:

• Compliance with statutory filing obligations is up to date, with no overdue accounts or confirmation statements, indicating good regulatory compliance.
• The company has a clear ownership and control structure with identified persons with significant control, enhancing transparency.
• Operating in the take-away food sector, which can have relatively low fixed asset requirements, aligning with their low fixed asset base.

4. Due Diligence Notes:

• Investigate the nature and origin of the current liabilities to determine if they are trade payables, loans, or other obligations, and assess repayment terms.
• Review cash flow statements or bank statements (if available) to confirm liquidity position and capacity to service liabilities.
• Understand the business model and revenue generation since incorporation to assess operational viability and plans for addressing the negative net asset position.
• Confirm if there are any contingent liabilities, related party transactions, or director loans not disclosed in the micro-entity accounts.
• Assess the background and experience of the directors and significant controllers for operational capability and risk management.