KEMPF ENTERPRISES LIMITED

Risk Rating: HIGH Justification: The company's status is explicitly listed as "Liquidation," indicating it is undergoing a formal closure process. This supersedes all other financial metrics, as the business is no longer a going concern. Additionally, both annual accounts and confirmation statements are overdue, and the registered office has been moved to an insolvency practitioner's address.

Key Concerns: * Active Liquidation Status: The company is currently in liquidation. The registered address has been changed to "C/O Revolution Rti Limited," which is an insolvency and restructuring firm, confirming that operations have ceased and the company is being wound up. * Filing Delinquency: The company has failed to file its annual accounts (due by 31 March 2025) and its confirmation statement (due by 30 April 2025). This indicates a breakdown in statutory compliance, which is common in entities entering formal insolvency processes but poses regulatory risks. * Severe Operational Contraction: The 2022 accounts reveal a dramatic reduction in the business's operational scale. Debtors fell from £551,082 to £50,712, and creditors dropped from £950,155 to £454,909. This strongly suggests the company ceased active trading or drastically scaled back before entering liquidation.

Positive Indicators: * Positive Net Assets at Last Filing: As of 30 June 2022, the company maintained a net asset position of £331,897. This suggests that at the time of the last formal review, the company was not balance-sheet insolvent, which may indicate a solvent voluntary arrangement or a liquidation with sufficient assets to cover initial liabilities. * Cash Availability: The 2022 accounts show £368,549 in cash at bank, which represents a strong liquidity position relative to the current liabilities of £454,909, potentially allowing for a higher dividend return to creditors in the liquidation process. * Low External Debt: The only long-term debt listed in the 2022 accounts is a Bounce Back Loan (£34,167 due after one year, £10,000 due within), which is government-guaranteed. Aside from trade and other creditors, the company appears to have lacked highly leveraged commercial debt.

Due Diligence Notes: * Liquidator Details: Verify the specific type of liquidation (e.g., Members' Voluntary Liquidation vs. Creditors' Voluntary Liquidation) by reviewing the Gazette notices. This will clarify whether the company is solvent or insolvent at the point of winding up. * Bounce Back Loan Status: Investigate how the outstanding Bounce Back Loan (totalling £44,167 as of June 2022) is being handled in the liquidation, given the government guarantee on these loans. * P&L Reserve Deterioration: The profit and loss reserves shifted from a positive position in earlier years to a deficit of (£168,228) in 2022. Investigating the exact cause of this accumulated loss—whether through operational trading deficits or asset write-downs—is necessary to understand the catalyst for liquidation. * Director Conduct: Given the transition into liquidation, it is advisable to search the Insolvency Service records for any disqualification orders or ongoing investigations regarding the directors, Mr. Hans Jurgen Kempf and Ms. Lisa Lai Sheung Lam.