Company Number: 14924757

Analysis Date: 2025-07-29 18:18 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (June 2023) with minimal financial data available, reporting net assets of only £9 and negligible working capital. The micro-entity accounts show very limited operational scale and no employees, indicating a start-up phase with unproven business sustainability. The extremely low asset base and liabilities almost equal to current assets present solvency and liquidity concerns.

2. Key Concerns:

• Minimal Net Assets and Working Capital: With net current assets of just £9 and current liabilities close to current assets, the company has virtually no financial buffer to meet obligations or absorb shocks.
• Lack of Operational Track Record: Incorporated less than two years ago, with no reported turnover or employees, making it difficult to assess business viability or cash flow generation.
• Industry Mismatch: Despite the company name suggesting catering services, SIC codes classify it in construction-related activities, which may indicate potential misclassification or confusion about business focus.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time, indicating good regulatory compliance to date.
• Sole Director and Owner: Single shareholder/director (Mrs Maria Tataru) with full control may allow for fast decision making and simplified governance.
• No Overdue Filings or Insolvency Status: The company remains active with no signs of distress filings or insolvency proceedings.

4. Due Diligence Notes:

• Investigate the nature of the business operations to confirm the actual activities given the disparity between company name and SIC codes.
• Review any available management accounts or projections to understand planned revenue streams and capital requirements.
• Verify whether the company has secured any funding or credit facilities to support its working capital needs.
• Assess the background and financial capability of the sole director/shareholder, including any other related business interests.