JLT CATERING LIMITED

Executive Summary

JLT Catering Limited, a newly incorporated private company in the catering sector, shows significant financial strain with negative net current assets and shareholders’ funds within its first year. While it maintains compliance with filing requirements, its limited operating history and substantial liabilities relative to assets pose high solvency and liquidity risks. Further inquiry into liabilities, revenue prospects, and management strategies is advisable to assess its potential for operational stability.

JLT CATERING LIMITED - Analysis Report

Company Number: 15244092

Analysis Date: 2025-07-29 20:43 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks, reflected by negative net current assets and shareholders' funds shortly after incorporation. The financial position indicates a substantial deficit relative to current liabilities, raising concerns about the company’s immediate ability to meet obligations.

2. Key Concerns:

• Negative net current assets of £22,138 against a small current asset base (£4,831) highlight cash flow and solvency challenges.
• Shareholders' funds and net assets are negative (£22,138), indicating accumulated losses or undercapitalization in the initial period.
• The company's short operating history (incorporated in late 2023) provides limited financial track record, increasing uncertainty about operational viability and revenue generation.

3. Positive Indicators:

• Compliance with filing deadlines for accounts and confirmation statements suggests good regulatory adherence to statutory requirements.
• The company operates in the event catering and take-away food sector, potentially benefiting from steady demand in these markets.
• Presence of multiple directors and persons with significant control demonstrates some level of governance structure.

4. Due Diligence Notes:

• Investigate the nature of the £26,866 current liabilities to understand creditor composition and urgency of payments.
• Review management’s plans to address the negative working capital and build sustainable cash flows.
• Obtain further details on turnover, contracts, and customer base to assess operational performance beyond the balance sheet snapshot.
• Verify any contingent liabilities or off-balance sheet commitments that could exacerbate financial stress.
• Clarify the roles and financial commitment of the shareholders and directors, especially given the ownership and control concentration among related individuals.