NON VIET THREE LIMITED

Executive Summary

Non Viet Three Limited exhibits financial stress with negative net assets and working capital deficits as of its latest accounts. While compliance filings are current and governance appears transparent, the negative equity position and limited financial history elevate solvency and liquidity risks. Further investigation into liabilities and cash flow is recommended before considering investment.

NON VIET THREE LIMITED - Analysis Report

Company Number: SC714570

Analysis Date: 2025-07-20 14:49 UTC

1. Risk Rating: HIGH
   The company shows significant solvency concerns with net liabilities reported for the last financial year, indicating it is not currently in a strong financial position to meet its obligations.

2. Key Concerns:

• Negative Net Assets: The latest accounts (year ending Nov 2023) report net liabilities of £7,895, down from positive net assets previously, signaling erosion of shareholder value and potential insolvency risks.
• Negative Working Capital: Current liabilities (£79,801) substantially exceed current assets (£19,378), resulting in negative net current assets of £60,423. This indicates liquidity stress and possible difficulty in meeting short-term obligations.
• Recent Incorporation and Limited Financial History: Incorporated in late 2021 with only two full financial years filed, the company’s short operational history and recent negative financial performance increase uncertainty around its operational stability.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date with no overdue filings, indicating compliance with statutory requirements.
• Stable Management Structure: Three directors are appointed with clear shareholding and voting rights structures, reflecting transparent ownership and governance.
• Micro-Entity Status: Being a micro-entity reduces administrative burden and may reflect a small, manageable scale of operations.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities (£79,801), including whether these are trade payables, loans, or other obligations.
• Assess cash flow statements and management forecasts (not provided) to understand liquidity management and near-term solvency prospects.
• Review business plan and revenue model, especially given the company operates licensed restaurants in a competitive sector and reported negative net assets.
• Consider director backgrounds and any related party transactions, especially given significant shareholding concentration.
• Validate that there are no undisclosed regulatory or operational issues impacting business continuity.