THE BLIND SWINE LTD

Executive Summary

The Blind Swine Ltd presents a medium risk profile primarily due to liquidity concerns evidenced by negative net current assets and modest cash reserves relative to current liabilities. The company remains solvent with positive equity and complies with filing obligations, but its young age and limited financial history warrant caution. Further due diligence on cash flow management and operational sustainability is recommended to better assess ongoing viability.

THE BLIND SWINE LTD - Analysis Report

Company Number: 13827435

Analysis Date: 2025-07-29 18:50 UTC

1. Risk Rating: MEDIUM
   Justification: The Blind Swine Ltd shows negative net current assets for the last two years, indicating liquidity pressure. However, the company maintains positive shareholders' funds and total assets exceeding current liabilities, suggesting some solvency cushion. The absence of overdue filings and the company being active reduce immediate regulatory concerns.

2. Key Concerns:

• Negative net current assets (£-721 in 2024, £-1,911 in 2023) reflect working capital deficits, posing short-term liquidity risks.
• Relatively low cash balances (£2,454 in 2024) compared to current liabilities (£6,905) may indicate potential cash flow constraints.
• The company is very young (incorporated 2022) with limited financial history, increasing uncertainty about operational sustainability.

3. Positive Indicators:

• Positive shareholders’ funds (£5,544 in 2024) and total assets exceeding current liabilities show overall solvency is maintained.
• No overdue accounts or confirmation statements filings, demonstrating good regulatory compliance and governance.
• Ownership and control concentrated under a single shareholder/director with entrepreneurial background, which may facilitate decisive management.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities and whether any short-term debt refinancing or supplier credit arrangements are in place.
• Review cash flow statements and bank statements to assess working capital management and liquidity trends beyond balance sheet snapshots.
• Understand the business model and revenue generation capacity given the SIC codes related to food services and catering, including seasonality or cyclical risks.
• Confirm absence of related party transactions or director loans that could impact financial stability.
• Verify the reasons for the consistently negative net current assets and management plans to address liquidity.