Company Number: 15625726

Analysis Date: 2025-07-29 12:33 UTC

1. Risk Rating: HIGH
   The company demonstrates a negative net asset position (£-11,305) and net current liabilities (£-12,136) shortly after incorporation, indicating solvency issues. The large current liabilities relative to current assets and minimal share capital (£1,000) exacerbate liquidity risks.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s liabilities exceed its assets, suggesting it may struggle to meet obligations as they fall due.
• High Current Liabilities Relative to Cash and Debtors: Current liabilities (£34,704) significantly surpass liquid assets (cash £7,529 and debtors £9,539), raising immediate liquidity concerns.
• Minimal Share Capital and Early Stage Operating Losses: The company has only £1,000 share capital and a retained loss of £12,305 within a short trading period, indicating limited equity buffer and possible ongoing cash burn.

3. Positive Indicators:

• No Overdue Filings or Regulatory Issues: Accounts and confirmation statements are filed on time, showing compliance with statutory requirements.
• Going Concern Statement Supported by Directors: Directors have pledged continuing support, which may enhance short-term operational stability.
• Clear Ownership and Control: One individual holds 75-100% shares and voting rights, simplifying governance and decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities, especially amounts owed to related companies (£11,782), to assess repayment risk and related party transactions.
• Review cash flow forecasts and working capital management plans to understand how liquidity deficits will be addressed.
• Examine business model viability and revenue generation since inception (May 2024) to assess operational sustainability in the highly competitive public house/bar sector.
• Confirm the directors’ capacity and willingness to continue financial support and potential capital injections.