THE BIMBLING BARREL LTD

Executive Summary

THE BIMBLING BARREL LTD is a recently established micro-entity operating in event catering and beverage retail with negative net assets and a significant working capital deficit as of its first reporting date. While regulatory filings are up to date and governance appears intact, the company’s financial position indicates high solvency and liquidity risk. Further investigation into cash flows, liability composition, and operational viability is recommended before considering investment exposure.

THE BIMBLING BARREL LTD - Analysis Report

Company Number: 14721596

Analysis Date: 2025-07-20 16:36 UTC

1. Risk Rating: HIGH
   The company shows negative net assets of £6,388 as of 31 March 2024, indicating insolvency on a balance sheet basis. Current liabilities exceed current assets by £16,135, signaling liquidity stress. The company is very recently incorporated (March 2023) and operates in a competitive event catering and beverage retail sector with limited financial history.

2. Key Concerns:

• Negative Net Assets: The company’s liabilities surpass its assets, a fundamental solvency concern that may impair its ability to meet obligations.
• Working Capital Deficit: Current liabilities significantly exceed current assets, raising red flags about short-term liquidity and cash flow sufficiency.
• Early Stage and Limited Financial History: Incorporated less than two years ago, with only one set of micro-entity accounts filed, restricting assessment of operational sustainability and growth trajectory.

3. Positive Indicators:

• No Overdue Filings: All statutory accounts and confirmation statements are filed on time, reflecting compliance with regulatory requirements.
• Experienced Directors: Two directors are appointed with clear contact and nationality details, suggesting governance structure is in place.
• Diverse Industry Activities: Engaged in multiple related SIC codes (event catering, retail, wholesale of alcoholic beverages), which may allow operational flexibility.

4. Due Diligence Notes:

• Review detailed cash flow statements, if available, to assess actual liquidity trends and operational cash generation.
• Investigate the nature of current liabilities to determine if they are trade payables, loans, or other obligations, and their repayment terms.
• Assess business model viability and revenue generation since incorporation, including any contracts, client base, or pipeline.
• Verify director backgrounds and any potential related party transactions or financial support.
• Confirm whether the negative equity position is a result of start-up costs and if there is a plan for recapitalization or additional funding.