MENGIA E BEVI VINO TORINO LIMITED

Executive Summary

Mengia E Bevi Vino Torino Limited is a newly incorporated private company with significant net liabilities and negative working capital as of its first reporting period. While statutory compliance is current, the financial position indicates high solvency and liquidity risk. Investors should seek further operational and financial details before considering exposure.

MENGIA E BEVI VINO TORINO LIMITED - Analysis Report

Company Number: 14719230

Analysis Date: 2025-07-29 20:24 UTC

1. Risk Rating: HIGH
   Given the very limited operational history and the financial data showing net liabilities and negative shareholders' funds within the first fiscal year, there is a high risk regarding the company’s solvency and liquidity.

2. Key Concerns:

• Negative Net Assets and Shareholders' Funds: The company reported net liabilities of £552 and shareholders' funds at -£552, indicating that liabilities exceed assets, which is a solvency concern.
• Liquidity Deficit: Current liabilities (£652) significantly exceed current assets (£100), resulting in a negative net current asset position (-£552). This suggests potential cash flow difficulties to meet short-term obligations.
• Very Early Stage of Operation: Incorporated in March 2023 with only one accounting period and one employee (the director), the business lacks financial history and stability indicators. The absence of turnover or profit figures (not disclosed in the accounts) prevents assessment of operational sustainability.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statement are up to date, indicating compliance with statutory filing requirements.
• Sole Director and PSC is Clearly Identified: Mr. Daniele Bovo holds full control and is actively involved, which can be positive if he brings sufficient expertise and support to the business.
• Company Classification and SIC Codes: The company operates in wholesale of alcoholic beverages and other service activities, a sector that can be profitable if managed well.

4. Due Diligence Notes:

• Investigate the nature and terms of the £652 current liabilities to assess timing and risk of default.
• Clarify if the £100 debtors are recoverable and their aging to confirm liquidity assumptions.
• Understand business model, planned revenue streams, and capital injection plans to rectify the negative net asset position.
• Confirm the absence of audit and reliance on small companies exemption; consider requesting management accounts or forecasts for better insight.
• Review director’s background and financial capability given the sole control and financial position of the company.