Company Number: 12469257

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

1. Risk Rating: LOW
   Panther Brewery Limited presents a low risk profile based on the current financial data and compliance status. The company shows a positive net current asset position, minimal liabilities, and no overdue filings. The presence of a controlling shareholder and a stable director also supports governance stability.

2. Key Concerns:

• Minimal Cash Holdings: Cash reserves are very low (£8 as of February 2024), which could pose short-term liquidity challenges despite positive net current assets.
• Limited Financial Scale: Very small total assets and share capital (£100) indicate a micro-entity scale, potentially limiting operational resilience and access to capital.
• Frequent Name Changes: Multiple name changes in a short period (five since incorporation in 2020) may suggest business model adjustments or restructuring, which could impact operational continuity and investor confidence.

3. Positive Indicators:

• Current Liabilities Well Covered: Current liabilities are minimal (£2), easily covered by current assets (£109), indicating no immediate solvency concerns.
• No Overdue Filings: Both annual accounts and confirmation statements are up to date, demonstrating good regulatory compliance and governance discipline.
• Clear Ownership Structure: Pine Farm Holdings Ltd owns a controlling stake (75-100%), providing potentially stable financial backing and decision-making control.

4. Due Diligence Notes:

• Liquidity Analysis: Investigate cash flow statements or bank statements to understand the operational cash flow dynamics and whether the low cash balance could impair daily operations.
• Business Model and Strategy: Clarify reasons behind frequent name changes and confirm the current business model, market positioning, and revenue generation plans given the small scale.
• Related Party Transactions: Assess any financial or operational links with Pine Farm Holdings Ltd to understand group dependencies or potential financial support mechanisms.
• Director Background: Review Mr. Ivan Browne’s professional and financial history for any undisclosed risks or prior compliance issues.