UNDERDOG LIVE LIMITED

Executive Summary

Underdog Live Limited is a recently established private company operating in the licensed hospitality sector with demonstrated improvement in liquidity and net assets. The company maintains good regulatory compliance and currently shows low solvency risk. However, limited trading history and sector sensitivities warrant further operational and financial due diligence to confirm sustainability.

UNDERDOG LIVE LIMITED - Analysis Report

Company Number: 14330819

Analysis Date: 2025-07-29 20:58 UTC

1. Risk Rating: LOW
   Underdog Live Limited shows positive working capital, increasing net assets, and no overdue filings. The company appears solvent and compliant with regulatory requirements.

2. Key Concerns:

• The company is very young (incorporated 2022), so limited operating history is available to assess long-term stability.
• The company operates in licensed premises (public houses, bars, and licensed restaurants), sectors sensitive to economic cycles and regulatory changes which may affect operational stability.
• Debtors have significantly decreased year-on-year (£5,236 in 2023 to £1,024 in 2024), which could indicate tighter credit control or reduced sales on credit; this should be confirmed in context.

3. Positive Indicators:

• The net current assets improved markedly from £2,940 to £21,748 in the latest year, supported by growth in cash balances (£29,818 to £59,835), indicating healthy liquidity and ability to meet short-term obligations.
• No overdue statutory filings (accounts and confirmation statement), demonstrating good regulatory compliance and governance.
• Shareholder funds have increased from £2,940 to £21,748, reflecting retained earnings and financial strengthening.
• The company’s director holds full ownership and control, which may simplify decision-making and strategic alignment.

4. Due Diligence Notes:

• Examine the company’s revenue trends and profitability in detail (currently not disclosed in abridged accounts) to assess operational sustainability.
• Review any contingent liabilities or off-balance sheet commitments that may impact solvency.
• Understand the business model’s resilience to sector-specific risks such as licensing, regulation changes, and market competition.
• Confirm that the director’s conduct and background are free of disqualifications or adverse records given sole control.
• Consider verifying the customer base and debtor quality, given the substantial reduction in receivables.