SIZZLE AND SPARKS LIMITED

Executive Summary

SIZZLE AND SPARKS LIMITED shows early-stage operational status with negative net assets and liabilities exceeding current assets. While regulatory compliance is current and the controlling shareholder has injected capital, the company faces high solvency risk and uncertain operational sustainability. Further investigation into the nature of liabilities and funding plans is recommended.

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Company Analysis

This analysis is opinion only and should not be interpreted as financial advice.

SIZZLE AND SPARKS LIMITED - Analysis Report

Company Number: 14569590

Analysis Date: 2025-07-29 12:50 UTC

  1. Risk Rating: HIGH
    The company exhibits significant solvency concerns due to negative net assets and substantial liabilities exceeding current assets. The balance sheet shows total net liabilities of £4,694 driven by creditors falling due after more than one year of £5,800, which is a red flag for financial stability.

  2. Key Concerns:

  • Negative Net Assets: The company’s net assets are negative at -£4,694, indicating that liabilities exceed assets, which threatens solvency.
  • Long-term Creditors Exceed Current Assets: £5,800 in creditors due after more than one year versus only £1,106 in current assets signals potential difficulty in meeting obligations as they fall due.
  • No Revenue or Employees: The company has no reported employees and no fixed assets, implying it is either in a pre-revenue stage or not operationally mature, raising questions on sustainability.
  1. Positive Indicators:
  • Compliance with Filings: All statutory filings including accounts and confirmation statements are up to date with no overdue submissions, indicating good regulatory compliance.
  • Single Controlling Shareholder: Full ownership and control by a single director/shareholder can facilitate swift decision-making and capital injection if needed.
  • Capital Injection: The notes mention a capital injection of £4,326 by the director, showing willingness to support the company financially.
  1. Due Diligence Notes:
  • Investigate the nature and terms of the £5,800 creditors falling due after more than one year—are these loans, trade payables, or other liabilities?
  • Clarify the company’s business plan and timeline to profitability given the absence of employees and fixed assets.
  • Review any related party transactions, especially payments made by the director on behalf of the company (£1,474), and confirm repayment arrangements.
  • Confirm ongoing funding sources and whether further capital injections are anticipated to support operations.
  • Assess any risks related to the director’s residence in Spain and potential impacts on company governance or tax.

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