Company Number: 13634403

Analysis Date: 2025-07-29 12:28 UTC

1. Risk Rating: HIGH
   The company exhibits persistent negative shareholders' funds and current liabilities exceeding current assets over multiple years, indicating ongoing solvency and liquidity concerns.

2. Key Concerns:

   • Negative Equity Position: Shareholders' funds have been negative since incorporation and remain so, showing accumulated losses and potential capital erosion.
   • Working Capital Deficit: Current liabilities consistently exceed current assets (£10,748 vs £6,731 in the latest year), suggesting potential short-term liquidity challenges to meet obligations as they fall due.
   • Micro-entity status with minimal disclosures: Limited financial detail restricts visibility on cash flows and operational performance, increasing uncertainty about sustainability.

3. Positive Indicators:

   • Timely Filing and Compliance: Accounts and confirmation statements are filed on time with no overdue filings, indicating good regulatory compliance and governance discipline.
   • Single Experienced Director/PSC: The sole director has a background in risk management and retains full control, which may facilitate decisive governance and strategic direction.
   • Active Trading Status with Online Presence: The company is active and operates in a niche catering sector with a maintained website and social media, which supports ongoing business activities.

4. Due Diligence Notes:

   • Review detailed cash flow statements and management accounts to assess liquidity and operational cash generation capacity.
   • Investigate the business model viability and growth strategy given the negative equity and limited asset base.
   • Confirm any off-balance sheet liabilities or contingent obligations not disclosed in micro-entity accounts.
   • Assess the director’s plans to restore financial health, including capital injections or cost restructuring.
   • Verify the accuracy of the reported current assets composition to ensure availability of liquid resources.