Company Number: 14681655

Analysis Date: 2025-07-29 12:26 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities of £41,600 against minimal share capital and limited current assets. The negative net current assets indicate that short-term liabilities substantially exceed current assets, raising questions about the company's ability to meet immediate obligations.

2. Key Concerns:

• Negative Net Current Assets: With current liabilities of £53,767 and current assets of only £12,167, the company is operating with a working capital deficit of £41,600, which is a material liquidity risk.
• Negative Debtors Balance: The reported negative trade debtors figure (-£1,623) is unusual and warrants investigation to confirm accuracy or underlying accounting issues.
• Taxation and Social Security Creditors: A large portion of liabilities (£39,380) is taxation and social security-related, which could indicate overdue or accruing tax obligations, potentially triggering enforcement actions if unpaid.

3. Positive Indicators:

• Active Status and Compliance: The company is active, with no overdue accounts or confirmation statement filings, indicating compliance with regulatory deadlines so far.
• Single Director and Owner: Mr. Robert William Hunter owns 75-100% of shares and controls the board, which can facilitate swift decision-making and capital injection if necessary.
• Small Company Filing Regime: The company benefits from small company reporting exemptions, reducing administrative burdens.

4. Due Diligence Notes:

• Clarify the nature and reason for the negative debtors balance and confirm if this reflects accounting errors or adjustments.
• Investigate the specifics of the taxation and social security liabilities: Are these amounts overdue, disputed, or subject to payment plans?
• Review the company’s cash flow forecasts and any planned capital injections or financing arrangements to cover the current working capital deficit.
• Assess the business model and market conditions of the public house/bar SIC code (56302) to evaluate operational sustainability given the current financial position.
• Confirm whether the company has any contingent liabilities or off-balance-sheet obligations not disclosed in the accounts.