Company Number: 15413297

Analysis Date: 2025-07-29 19:49 UTC

1. Risk Rating: MEDIUM
   The company is newly incorporated (January 2024) with its first accounting period ending March 2025. While it shows positive net assets (£60,843), it has slightly negative net current assets (-£1,767) and a significant director loan (£54,745) included in current liabilities. The short trading history and current working capital position suggest moderate solvency and liquidity risk.

2. Key Concerns:

• Negative Net Current Assets: Current liabilities (£169,768) slightly exceed current assets (£168,001), indicating potential short-term liquidity pressure.
• Director Loan Exposure: £54,745 loan from the director is interest-free and payable on demand, which could stress cash flow if called unexpectedly.
• New Company with Limited Financial History: Incorporated in 2024 with only one financial period reported, limiting trend analysis and increasing uncertainty about operational stability.

3. Positive Indicators:

• Positive Net Assets and Shareholders’ Funds: Net assets of £60,843 indicate the company holds more assets than liabilities overall.
• Healthy Cash Position: Cash at bank of £126,404 is substantial relative to liabilities, supporting liquidity despite negative net current assets.
• Compliance with Filing Requirements: Accounts and confirmation statement are filed on time, showing adherence to regulatory obligations.
• Single Controlling Shareholder/Director: Mr. Gregory Derek Coleman owns 75-100% of shares and controls the board, which may facilitate swift decision-making.

4. Due Diligence Notes:

• Clarify terms and repayment plans for the director loan to assess liquidity risk and potential future cash outflows.
• Review cash flow statements and management forecasts to understand operational cash generation and working capital management.
• Evaluate business model viability and market conditions for the public house sector under SIC 56302 to assess sustainability.
• Monitor future financial filings for profitability, debt servicing, and any changes in capital structure.
• Investigate any related party transactions beyond the director loan for potential conflicts or financial strain.