Company Number: 14503093

Analysis Date: 2025-07-20 17:25 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial distress indicated by negative net current assets and net liabilities shortly after incorporation, coupled with minimal current assets.

2. Key Concerns:

• Negative Net Assets: The company reported net liabilities of £1,123, reflecting that total liabilities exceed assets, which undermines solvency.
• Liquidity Shortfall: Current liabilities (£678) vastly exceed current assets (£55), resulting in a working capital deficit of £623, indicating potential difficulties meeting short-term obligations.
• No Operating Employees or Revenue Data: The absence of employees and no profit and loss information restricts assessment of operational viability and cash flow generation.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time, demonstrating regulatory compliance and governance discipline.
• Full Ownership and Control by Director: Single PSC with 75-100% shares and voting rights may facilitate swift decision-making and resource allocation.
• Micro Entity Reporting: The company benefits from simplified accounting standards, which reduces administrative burden in early stages.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities causing the negative net assets and whether these are trade payables, loans, or other obligations.
• Obtain detailed profit and loss accounts or management accounts to evaluate revenue streams, cost structure, and cash flow dynamics.
• Clarify the business plan and funding strategy given the very recent incorporation and current financial position.
• Confirm whether the director has provided personal guarantees or other financial support to the company.
• Assess market conditions and competitive positioning in the take-away food sector to gauge sustainability prospects.