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.