Company Number: 15376115

Analysis Date: 2025-07-29 19:37 UTC

1. Risk Rating: HIGH
   The company shows negative net assets and net current assets within its first financial year, indicating immediate solvency concerns. Given the micro-entity status and recent incorporation, this financial position presents a high risk in terms of meeting obligations and operational viability.

2. Key Concerns:

• Negative net assets of £1,797 and net current liabilities of £2,974 as of 31/12/2024 raise solvency questions.
• The company was incorporated very recently (December 2023), limiting financial history and making trend analysis impossible.
• Sole director and 100% ownership concentrated in one individual may pose governance and operational risk if that individual is unable or unwilling to continue.

3. Positive Indicators:

• Compliance with statutory filing requirements is current, with no overdue accounts or confirmation statements noted.
• The business operates in the take-away food sector (SIC 56103), a potentially cash-generative industry if managed well.
• Presence of fixed assets (£1,177) indicates some capital investment rather than pure reliance on intangible or current assets.

4. Due Diligence Notes:

• Investigate causes of negative working capital and net asset position—was this due to startup costs, initial losses, or accounting treatment?
• Review cash flow projections and access to external funding or shareholder support given current liabilities exceed current assets.
• Assess director’s background and capacity to sustain operations, including any related party transactions or external commitments.