Company Number: 15053717

Analysis Date: 2025-07-20 15:31 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns as evidenced by net liabilities of £20,398 and negative net current assets of £21,485 within its first financial year. As a newly incorporated entity with minimal share capital and no employees, the financial position indicates a fragile operational foundation.

2. Key Concerns:

• Negative Net Assets and Net Current Assets: The company’s liabilities substantially exceed its assets, indicating an inability to meet short-term obligations without additional capital injection.
• High Current Liabilities vs. Low Current Assets: Current liabilities of £26,552 dwarf current assets of £5,067, suggesting immediate liquidity constraints.
• No Employees and Minimal Operational History: With zero average employees and incorporation in August 2023, the company lacks an operational track record, increasing uncertainty about its ability to generate sustainable revenue or cash flow.

3. Positive Indicators:

• Up-to-date Filings: Accounts and confirmation statements are filed on time, indicating regulatory compliance and good governance practices to date.
• Clear Ownership and Control: Full control by a single director and shareholder (Mr. Michael Richard Westwood) simplifies decision-making.
• Micro-entity Status: The company benefits from simplified reporting requirements, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and composition of the £26,552 current liabilities to assess repayment terms and creditor risk.
• Review the company’s business plan, cash flow forecasts, and any external funding arrangements to evaluate how it intends to address the current deficit and sustain operations.
• Verify the director’s background and financial standing given sole control and responsibility for capital injection or business strategy.
• Assess market positioning and competitive environment in the SIC code 56302 (public houses and bars) to gauge operational viability.
• Confirm any related party transactions or loans that may affect financial stability.