Company Number: 14367974

Analysis Date: 2025-07-20 19:13 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position (£-200) with net current liabilities exceeding current assets, indicating potential solvency issues despite being a very young company. The minimal cash balance (£1,040) relative to current liabilities (£1,240) suggests liquidity constraints.

2. Key Concerns:

• Negative shareholders’ funds and net current liabilities imply the company is technically insolvent on a balance sheet basis.
• Absence of employees and limited operational data raise questions about ongoing business activities and revenue generation.
• The company was incorporated recently (September 2022), so there is limited financial history and operational track record to assess stability.

3. Positive Indicators:

• The company is compliant with filing requirements; accounts and confirmation statements are filed on time with no overdue filings.
• Ownership and control are clearly defined with one individual holding majority shares and director control, which can simplify governance.
• The company has taken advantage of small company exemptions, consistent with its size and stage.

4. Due Diligence Notes:

• Investigate the nature and timing of the creditor liabilities (£1,240) to assess if these are trade creditors, loans, or accrued expenses and their payment terms.
• Assess revenue streams and cash flow projections to understand how the company plans to restore positive working capital and solvency.
• Review the business plan and market position in the takeaway food sector (SIC 56103) to evaluate operational sustainability and growth prospects.
• Confirm the absence of related party transactions or contingent liabilities, given the director-shareholder overlap.
• Obtain management commentary on the reported losses and plans to address the negative equity position.