Company Number: 14102108

Analysis Date: 2025-07-20 12:14 UTC

1. Credit Opinion: DECLINE
   Rogue Eats Ltd shows persistent negative net assets and net current liabilities over the past two years, indicating an ongoing liquidity strain and balance sheet weakness. The company’s inability to generate positive working capital and its negative equity position suggest it lacks sufficient financial strength to service additional credit facilities reliably. No evidence of profitability or improvement in financial metrics is apparent, which raises concerns about its debt repayment capacity and resilience.

2. Financial Strength:
   The company’s balance sheet reveals fixed assets of approximately £22,900 but current liabilities significantly exceed current assets (£23,088 vs. £5 as of May 2024), resulting in a net current liability position of £23,083. Net liabilities increased to £1,483 in 2024 from £41 in 2023, reflecting a worsening equity position. Shareholders’ funds are negative, indicating accumulated losses and no buffer to absorb financial shocks. The capital structure is weak and undercapitalized for any meaningful lending.

3. Cash Flow Assessment:
   The minimal current assets (primarily cash or receivables) and large current liabilities imply constrained liquidity and potential difficulties meeting short-term obligations. The absence of detailed cash flow data limits deeper analysis, but the working capital deficit and negative net assets suggest the company may face ongoing cash flow pressures and limited operational flexibility.

4. Monitoring Points:

• Watch for improvements in net current assets and positive movement in shareholders’ funds.
• Monitor cash flow generation and any new financing injections to alleviate liquidity issues.
• Observe changes in creditor balances and whether the company can reduce short-term liabilities.
• Track any operational performance improvements or evidence of profitability in future accounts.
• Review director actions for recapitalization or restructuring plans.