Company Number: 13549162

Analysis Date: 2025-07-20 16:38 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to its persistently negative net current assets and net liabilities position, indicating an inability to meet short-term obligations.

2. Key Concerns:

• Negative Working Capital: The company’s current liabilities (£25,329 in 2024) substantially exceed its current assets (£4,558), resulting in a negative net current asset position of -£20,771. This signals liquidity stress and potential cash flow difficulties.
• No Employees and Limited Operational Activity: The accounts state zero employees over the past two years, raising questions about operational sustainability and actual business activities considering the industry focus on unlicensed restaurants/cafes and wholesale trade.
• Accumulated Losses and Negative Equity: The company’s shareholders' funds and net assets are both negative and deteriorating year-on-year (-£15,613 in 2023 to -£20,771 in 2024), reflecting accumulated losses and potential insolvency risk.

3. Positive Indicators:

• Current Filing and Compliance: The company is up to date with its accounts and confirmation statement filings, with no overdue returns or penalties noted.
• Single Controlling Director: Clear control and ownership by a single director (Mr Ibrahim Salman Al-Athary) may facilitate swift decision-making and governance oversight.
• Micro-Entity Status: The small scale of operations may imply limited complexity and reduced exposure to large-scale financial risks.

4. Due Diligence Notes:

• Investigate the nature of liabilities and creditor relationships to understand the risk of creditor action or insolvency proceedings.
• Verify actual business operations and trading activity given the absence of employees and negative equity.
• Review cash flows and management plans to address liquidity issues, including any financing arrangements or shareholder support.
• Confirm director’s background and any associated companies to assess potential contingent liabilities or related party transactions.