Company Number: 14194574

Analysis Date: 2025-07-20 18:26 UTC

1. Risk Rating: LOW
   Ocean Beach Grill Limited presents a low financial risk profile based on the most recent unaudited abridged accounts. The company shows improved net current assets, positive net assets, and solid cash reserves relative to current liabilities, indicating a sound ability to meet short-term obligations.

2. Key Concerns:

• Limited historical financial track record due to recent incorporation (2022), which restricts trend analysis and long-term sustainability evaluation.
• The company operates in the highly competitive and low-margin food service sector (SIC 56103), which may be vulnerable to economic fluctuations and changing consumer preferences.
• Absence of an audited financial statement and income statement disclosure limits comprehensive insight into profitability and operational efficiency.

3. Positive Indicators:

• Substantial growth in net current assets from £1,064 (2023) to £33,628 (2024), driven primarily by increased cash balances (£60,846 in 2024).
• Positive net assets and shareholders’ funds increased significantly to £54,607 in 2024 from £8,053 in 2023, demonstrating capital strengthening.
• No overdue filings and compliance with Companies House deadlines for accounts and confirmation statements, indicating good regulatory compliance and governance.
• Tangible fixed assets increased to £24,436 reflecting investment in long-term operational capacity.

4. Due Diligence Notes:

• Verify the company’s profitability and cash flow adequacy through review of detailed management accounts and the full profit and loss statement, which is not included in the abridged accounts.
• Investigate the nature and timing of the provisions for liabilities (£3,457 in 2024) to assess any contingent risks impacting solvency.
• Assess customer concentration and debtor credit risk, given the increase in debtors to £6,300 from £81, to understand collection risk and receivables quality.
• Confirm the background and reputation of the director, P Odley, for any regulatory or governance concerns.
• Evaluate operational resilience, including supplier relationships and cost structure, given the competitive sector and limited employee base (average 5 employees).