VISTAR SUPPORT SERVICES LTD

Executive Summary

Vistar Support Services Ltd demonstrates significant financial distress as evidenced by negative net assets and a large liquidity gap in its latest accounts. While the company remains compliant with filing requirements and maintains stable leadership, the sharply deteriorated financial position raises material concerns regarding its ability to meet obligations and sustain operations. Further investigation into underlying causes and cash flow dynamics is advised before considering investment.

VISTAR SUPPORT SERVICES LTD - Analysis Report

Company Number: 13261719

Analysis Date: 2025-07-20 18:25 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risks as of the latest financial year end. The 2024 accounts show a sharply negative net current assets position (-£31,865) and negative total net assets (-£32,208), a marked deterioration from positive net assets (£4,082) in 2023. This suggests the company is currently unable to meet short-term liabilities from available assets, indicating potential liquidity distress.

2. Key Concerns:

• Severe liquidity shortfall: Current liabilities have more than doubled to £33,324, while current assets have dropped dramatically to £1,459, causing negative working capital.
• Negative net assets: The company has moved from modest positive equity to a substantial deficit, undermining solvency and shareholder value.
• Minimal scale and operational footprint: As a micro-entity with only one average employee, limited fixed assets (£3,270), and low share capital (£100), the business may lack resilience and operational scale.

3. Positive Indicators:

• No overdue filings: Both accounts and confirmation statements are up to date, indicating compliance with statutory requirements.
• Active website and contact details: Presence of an operational website and contact information suggests ongoing business activity.
• Stable directorship and control structure: Directors have been consistent since incorporation and maintain clear ownership control, which can aid in decision-making and strategic continuity.

4. Due Diligence Notes:

• Clarify reasons for financial deterioration: Investigate causes behind the sharp increase in current liabilities and decline in current assets between 2023 and 2024.
• Review cash flow and creditor payment history: Assess whether the company is meeting obligations on time or experiencing payment delays or disputes.
• Examine any contingent liabilities or off-balance-sheet exposures: Look for any hidden risks that may compound solvency issues.
• Evaluate business model sustainability: With only one employee and limited assets, confirm the viability of the company's operations and revenue streams.
• Confirm no director disqualifications or governance issues: Although none are indicated, verify director conduct records to rule out regulatory risks.