HOOMAN@UK LTD

Executive Summary

Hooman@UK Ltd, a recently incorporated micro-entity in the take-away food sector, shows significant financial distress with negative net current assets and shareholders’ funds. While regulatory filings are current and ownership structure transparent, the company's liquidity and solvency position raise high risk concerns requiring further investigation into its liabilities and operational viability.

HOOMAN@UK LTD - Analysis Report

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.