PODELLAUK LIMITED

Executive Summary

PodellaUK Limited, a recently incorporated private company engaged in non-specialised wholesale trade, shows significant financial strain with negative net assets and minimal cash resources. While regulatory compliance is current and governance appears competent, the company's insolvency and liquidity status present substantial risk. Further investigation into creditor composition, operational viability, and funding plans is essential before considering investment.

PODELLAUK LIMITED - Analysis Report

Company Number: 14663154

Analysis Date: 2025-07-19 12:21 UTC

1. Risk Rating: HIGH
   PodellaUK Limited exhibits high risk primarily due to its negative net current assets and shareholders' funds, very limited cash reserves, and being a recently incorporated company with minimal operating history.

2. Key Concerns:

• Solvency Risk: The company has net current liabilities of £1,322 and negative shareholders' funds of £1,324, indicating it is currently insolvent on a balance sheet basis.
• Liquidity Concerns: With only £6 in cash and creditors of £1,328 due within one year, there is an immediate liquidity strain, posing a risk to meeting short-term obligations.
• Operational Stability: Incorporated only in February 2023 and having just completed its first accounting period, the company lacks a track record of trading or profitability. The absence of an income statement (due to small company exemption) limits assessment of operational performance.

3. Positive Indicators:

• Compliance: The company is active with no overdue filings for accounts or confirmation statements, indicating adherence to regulatory requirements.
• Governance: The directors are identified with relevant occupations (accounts manager, accountant), suggesting some financial competency in management.
• Ownership Structure: Control is clearly delineated among three directors/shareholders, providing transparency on significant control.

4. Due Diligence Notes:

• Investigate the nature and terms of the £1,328 creditors—whether these are trade payables, loans, or other liabilities, and their payment deadlines.
• Clarify the company's business plan, revenue generation, and funding sources to understand how it intends to address its negative net assets and liquidity shortfall.
• Review subsequent financial activity post-28 February 2024 to ascertain if there have been capital injections, revenue inflows, or debt restructuring.
• Confirm the reason for the director resignation in April 2024 and any impact on company governance or operations.
• Examine any related party transactions or intercompany balances (if applicable) that might affect financial stability.