Company Number: 13196373

Analysis Date: 2025-07-29 14:06 UTC

1. Risk Rating: MEDIUM
   The company is active and compliant with filing deadlines, but its financial position shows tight liquidity and increasing current liabilities, primarily intercompany debts, which elevate risk.

2. Key Concerns:

• Liquidity is fragile with net current assets of only £101 at the 2024 year-end, down significantly from £938 the year before. Cash on hand is low (£1,046).
• Current liabilities have increased markedly from £871 to £4,590, largely driven by £2,615 owed to group undertakings, suggesting possible reliance on related party funding.
• The company changed its name recently (Apr 2024) from Wholesale Meat and Catering Service Ltd to KS Courier7 UK Ltd, indicating a possible change in business model or restructuring that may affect operational stability.

3. Positive Indicators:

• The company remains compliant with statutory filings and is not overdue on accounts or confirmation statements.
• Shareholder funds remain positive at £861, showing the company is not insolvent at balance sheet date.
• The business has tangible fixed assets (£760 net book value), and has grown its trade debtors to £3,645, indicating ongoing sales activity in its freight transport sector.

4. Due Diligence Notes:

• Investigate the nature and terms of the amounts owed to group undertakings to assess the sustainability and risks of this related party funding.
• Clarify the business model change implied by the recent name change and assess the operational viability and market position in cargo handling and freight transport.
• Review cash flow statements and profit and loss data (not filed) to understand profitability and cash generation capacity, as these are critical to evaluating ongoing liquidity risk.