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.