PUREGANIC LIMITED

Executive Summary

PUREGANIC LIMITED exhibits high financial risk due to negative net assets and a significant liquidity shortfall as per its latest micro-entity accounts. While compliant with statutory filings and under single-person control, the company’s recent incorporation and minimal operational scale pose challenges to its stability. Further investigation into its cash flow position and business model is essential before considering investment.

PUREGANIC LIMITED - Analysis Report

Company Number: SC746744

Analysis Date: 2025-07-29 20:09 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and shareholders' funds, indicating insolvency on the balance sheet date. Current liabilities exceed current assets substantially, evidencing liquidity pressures. The financials raise serious concerns about the company's ability to meet its short-term obligations.

2. Key Concerns:

• Negative net assets and shareholders' funds of £51,643 suggest the company is insolvent according to its latest filed accounts.
• Current liabilities (£38,521) exceed current assets (£15,249) by a significant margin, indicating potential cash flow problems and inability to cover short-term debts.
• The company was incorporated recently (October 2022) and has only one employee (likely the director), raising questions about operational scale and sustainability.

3. Positive Indicators:

• The company is in active status with no overdue filings, showing compliance with filing requirements.
• Sole director and 100% shareholder control by Mr Said Ouhdidou may allow for agile decision-making.
• The company operates in diversified but related sectors (food services, retail of fruit and vegetables, agricultural agents, vegetable growing), which could offer growth opportunities if operational issues are resolved.

4. Due Diligence Notes:

• Investigate the reasons behind the negative net assets and whether this reflects accumulated losses or accounting treatments.
• Assess cash flow forecasts and working capital management to evaluate short-term liquidity risk.
• Review the business plan and operational model to determine sustainability given the small size and limited resources.
• Confirm absence of any director disqualifications or regulatory issues with Mr Ouhdidou.
• Verify if there are any related party transactions or contingent liabilities not disclosed in the micro-entity accounts.