TRIANGLE PIZZA LIMITED

Executive Summary

Triangle Pizza Limited is a micro-sized, privately controlled business operating in the unlicensed restaurant sector with sound short-term liquidity and solvent balance sheet metrics. The company is compliant with all filing requirements and displays a positive working capital position. However, limited financial disclosure and concentrated ownership warrant further due diligence to assess operational profitability and governance risks.

TRIANGLE PIZZA LIMITED - Analysis Report

Company Number: 14464369

Analysis Date: 2025-07-20 15:20 UTC

1. Risk Rating: LOW
   The company shows a positive net current asset position, increasing net assets year-on-year, and is compliant with filing obligations. The balance sheet indicates no immediate solvency or liquidity concerns.

2. Key Concerns:

• Modest scale of operations: The company is a micro-entity with very limited fixed assets and small cash balances, which could restrict operational flexibility.
• Reliance on a single director and shareholder: Control is concentrated in one individual, which may pose governance risks.
• Limited disclosed financial detail: Absence of profit & loss details and lack of audit limit insights into operational profitability and cash flow stability.

3. Positive Indicators:

• Consistent net current assets and net asset growth: Net current assets increased from £4,485 to £5,408 within one year, indicating an improving working capital position.
• Low current liabilities relative to current assets: Current liabilities decreased significantly from £3,202 to £1,827, supporting better liquidity.
• Up to date statutory filings: Accounts and confirmation statements are filed on time, indicating regulatory compliance and good governance.
• Cash position stable: Cash balances remain steady around £6,600 to £7,000, supporting short-term liquidity.

4. Due Diligence Notes:

• Verify profitability and cash flow trends: Request detailed management accounts or profit and loss statements to assess operational sustainability beyond balance sheet metrics.
• Confirm absence of contingent liabilities or off-balance-sheet risks: Limited disclosure in financial statements necessitates further inquiry.
• Assess customer and supplier relationships: Understanding contract terms, payment cycles, and concentration of counterparties will clarify liquidity risk further.
• Review director background and governance arrangements: Given sole control by one director/shareholder, confirm absence of director disqualifications or conflicts of interest.
• Evaluate growth plans and capital needs: As a small entity, capital constraints may impact future scalability and risk profile.