Company Number: 14470934

Analysis Date: 2025-07-20 12:02 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (2022) and has filed dormant accounts with minimal financial activity (net assets and cash of £10). No trading history or revenue generation is evident, which indicates high uncertainty regarding operational stability and financial viability.

2. Key Concerns:

• Dormant status with negligible financial resources (£10 cash and net assets), showing no trading or income generation to support operational costs.
• Lack of financial data beyond a single dormant accounting period prevents assessment of solvency or liquidity.
• Ownership concentration (Beer & Feast Ltd controls 75-100% of shares and voting rights) may limit governance independence and could pose risks if that entity faces financial or operational challenges.

3. Positive Indicators:

• Company is compliant with statutory filing deadlines for both accounts and confirmation statements, indicating good regulatory compliance to date.
• Presence of three directors with local addresses suggests a potentially engaged management team.
• The company is classified under SIC 56101 (Licensed restaurants), a sector with potential for strong cash generation if operations commence.

4. Due Diligence Notes:

• Verify the business plan and timeline for commencement of trading; determine when the company expects to transition from dormant status.
• Investigate the financial and operational health of the parent company Beer & Feast Ltd, given its controlling interest.
• Review any agreements, leases, or licenses related to the premises at 89 - 93 High Street, Rainham to assess readiness for business operations.
• Monitor future filings for actual trading accounts to evaluate revenue, profitability, and working capital adequacy.