Company Number: 14719238

Analysis Date: 2025-07-29 20:24 UTC

1. Risk Rating: LOW
   Wizbix Services Limited demonstrates a stable financial position for a micro-entity in its first financial year, with positive net assets and manageable current liabilities. There are no overdue filings or indications of financial distress.

2. Key Concerns:

• Early Stage Company: Incorporated in March 2023, the company has limited operating history, which inherently increases business risk due to unproven sustainability.
• Limited Financial Data: As a micro-entity, detailed financial performance metrics such as profitability, cash flow, and debt servicing capacity are not available, restricting deeper financial analysis.
• Single Shareholder Control: The majority ownership and director role held by one individual (Tsvetomir Ilianov Gruev) could pose governance and succession risks if no broader management structure is in place.

3. Positive Indicators:

• Positive Net Assets and Working Capital: The balance sheet shows net assets of £5,198 and net current assets of £998, indicating the company is solvent and can meet short-term obligations at the reporting date.
• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue filings, suggesting good regulatory compliance and governance practices.
• Small Employee Base: With only 3 employees, operational complexity and fixed overheads are likely low, which can be advantageous for cash flow management in a start-up phase.

4. Due Diligence Notes:

• Verify Business Model and Revenue Streams: Understand the company's commercial activities under SIC 47290 ("Other retail sale of food in specialised stores") and assess revenue generation capacity and growth prospects.
• Review Cash Flow Trends: Obtain management accounts or cash flow statements to assess liquidity beyond the balance sheet snapshot, especially given the company's infancy.
• Assess Director and Shareholder Background: Conduct background checks on the sole director/shareholder for any previous directorship issues or disqualifications that may impact governance or creditworthiness.