TACKLE & BAIT DIRECT LIMITED

Executive Summary

TACKLE & BAIT DIRECT LIMITED exhibits a high risk profile due to persistent negative net assets and current liabilities exceeding current assets, indicating potential solvency and liquidity challenges. The absence of employees and fixed assets raises questions about operational sustainability. However, the company remains compliant with filing obligations, providing a platform for further due diligence.

TACKLE & BAIT DIRECT LIMITED - Analysis Report

Company Number: 13801075

Analysis Date: 2025-07-29 17:15 UTC

1. Risk Rating: HIGH
   The company shows negative net current assets and net assets for the last two reported years, indicating liabilities exceed assets, which is a significant solvency concern for a micro-entity in retail.

2. Key Concerns:

• Solvency Risk: Negative net assets of £2,403 in 2023 (worsening from -£851 in 2022) suggest the company may struggle to meet liabilities as they fall due.
• Liquidity Concerns: Current liabilities (£33,783) exceed current assets (£31,380), highlighting potential cash flow stress.
• Operational Stability: The company has no employees, which could indicate limited operational capacity or reliance on the director alone; also no fixed assets to support ongoing operations.

3. Positive Indicators:

• The company is current with statutory filings (accounts and confirmation statements not overdue), indicating compliance with regulatory requirements.
• Sole shareholder/director control may allow for swift decision-making.
• A modest increase in current assets year over year (£28,442 to £31,380) shows some growth in liquid resources, albeit insufficient to cover liabilities.

4. Due Diligence Notes:

• Verify the nature of current liabilities, their maturity profile, and whether any are overdue or subject to enforcement action.
• Investigate the business model and revenue streams given no employees and no fixed assets; assess sustainability and plans for growth or restructuring.
• Confirm whether the director’s status as unemployed impacts the company's financial support or access to additional capital.
• Review any contingent liabilities or related-party transactions not disclosed in micro-entity accounts.
• Seek updated management commentary or forecasts that might explain the negative net asset position and plans to rectify it.