Company Number: 12515158

Analysis Date: 2025-07-19 12:52 UTC

1. Risk Rating: LOW
   R4N Ltd demonstrates a stable financial position with positive net current assets and shareholders’ funds over multiple years. The company's filings are up-to-date, and there are no indications of insolvency or regulatory non-compliance. The micro-entity classification aligns with its modest scale and reporting requirements.

2. Key Concerns:

• Declining fixed assets and total equity from 2021 to 2024, which may indicate asset disposals or reduced investment that warrants further review.
• Relatively low share capital (£100), which may limit capital buffer though typical for micro private companies.
• Limited publicly available information on profitability and cash flow trends, restricting assessment of operational sustainability beyond balance sheet strength.

3. Positive Indicators:

• Consistently positive net current assets and shareholders’ funds indicate ability to meet short-term liabilities and maintain solvency.
• No overdue filings or evidence of regulatory issues; demonstrates good compliance and governance practices.
• Increase in average employees from 16 to 24 suggests operational growth or scaling activities.

4. Due Diligence Notes:

• Review detailed profit and loss accounts, cash flow statements, and notes to assess profitability, cash generation, and any off-balance sheet liabilities.
• Investigate reasons behind reductions in fixed assets and equity to understand business strategy and asset management.
• Confirm director’s background and track record given sole control of the company to assess governance risks.
• Obtain further operational data such as turnover and margins to evaluate sustainability in the competitive take-away food sector.