Company Number: 12993600

Analysis Date: 2025-07-20 14:50 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant liquidity concerns with current liabilities exceeding current assets by a large margin (£33,147 liabilities vs £5,678 assets in 2024), resulting in negative net current assets of -£27,469. While net assets are positive at £723, this is a sharp deterioration from the prior year’s net assets of £5,200, indicating worsening financial stability. The company holds low share capital (£100) and minimal cash reserves (£3,678). No audit has been conducted as the accounts are unaudited abridged, limiting transparency.

2. Key Concerns:

• Liquidity Risk: Negative net current assets indicate the company may struggle to meet short term obligations. Current liabilities are nearly six times current assets.
• Deteriorating Financial Position: Net assets have declined substantially from £5,200 in 2023 to £723 in 2024, signaling possible operational losses or capital erosion.
• Limited Capital Base and Transparency: Very low share capital (£100) and unaudited accounts limit investor confidence in financial robustness and governance.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date with no overdue filings or penalties.
• Stable Ownership and Control: Single director and 100% owner (Mr Hakan Tiryaki) provides clear control and decision-making authority.
• Tangible Fixed Assets: The company holds tangible fixed assets valued at £28,192, representing a leasehold interest in a retail unit valid until 2028, which may provide some operational stability.

4. Due Diligence Notes:

• Investigate the cause of the sharp decline in net assets and worsening liquidity position between 2023 and 2024. Review profit and loss data if available.
• Verify the nature and terms of current liabilities (£33,147) to assess whether these are short-term trade payables, loans, or other obligations. Check for any overdue or disputed payables.
• Assess cash flow statements and forecasts to determine if the company has sufficient liquidity or access to funding to meet obligations.
• Clarify the operational model given the SIC codes include both financial management and an unrelated food takeaway activity, which may indicate business diversification or error.
• Confirm whether any contingent liabilities, related party transactions, or off-balance sheet risks exist that could impact financial stability.
• Consider the implications of unaudited abridged accounts on financial reliability and whether an audit or more detailed financial review can be obtained.