Company Number: 14864507

Analysis Date: 2025-07-20 11:32 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Riley's Bar 2023 Limited is an active micro private limited company operating in the public house and bar sector. The company is newly incorporated (May 2023) and has filed its first set of accounts without audit exemption. The balance sheet shows positive shareholders' funds but a small net current liability position. Given the early stage of the business and limited financial history, credit approval may be granted conditionally, subject to ongoing monitoring of trading performance, cash flow, and timely filing of future accounts. The concentration of control by a single director and shareholder (Mr. Anthony Michael Devine) is noted but not unusual for a micro entity.

2. Financial Strength
   As of 31 May 2024, the company reported:

• Fixed assets: £10,755
• Current assets: £24,286
• Current liabilities: £26,732
• Net current liabilities: £(2,446)
• Total net assets/shareholders’ funds: £8,309

The company’s net asset base is modest but positive, reflecting initial capital and asset investment. However, net current liabilities indicate a working capital shortfall, suggesting that short-term obligations slightly exceed current liquid resources. This is not uncommon for a newly established business but flags a need for close liquidity management.

3. Cash Flow Assessment
   Current liabilities exceed current assets by £2,446, indicating potential liquidity pressure in meeting short-term obligations. The company needs to maintain adequate cash inflows from operations or external funding to avoid cash shortages. The absence of historical cash flow data limits full assessment, so future cash flow statements and bank statements should be requested during credit reviews. The small employee base (average 4 staff) and micro scale reduce fixed overhead risk but margins and turnover levels should be confirmed.

4. Monitoring Points

• Timely filing of next accounts and confirmation statement
• Improvement or deterioration in net current assets position
• Profitability trends and cash generation from trading activities
• Changes in director/shareholder structure or new external funding
• Evidence of any payment delays or supplier credit issues
• Impact of sector-specific risks (e.g., regulatory changes, consumer trends)