BARKING MAD LIMITED

Risk Rating: HIGH
The assessment is based on severely outdated financial data (2016) and the absence of recent accounts. While the company remains active and compliant with filing deadlines, the lack of current financials precludes any reliable evaluation of solvency, liquidity, or operational stability. The subsidiary status provides some context but does not mitigate the information gap.

Key Concerns
1. No Recent Financial Data – The latest available accounts are from the year ending 30 April 2016. Without current balance sheet, profit and loss, or cash flow figures, it is impossible to assess the company’s present financial health.
2. Outdated Working Capital Position – The 2016 accounts show net current assets of £89,812, but this is nearly a decade old. Any deterioration in working capital or emergence of liabilities cannot be determined.
3. Dependence on Parent Company – As a wholly-owned subsidiary of Franchise Brands Plc, the company’s financial stability may rely on intra-group support. No information on guarantees, intercompany balances, or the parent’s own financial condition is available here.

Positive Indicators
1. Long Operational History – Incorporated in 2001, the company has been active for over two decades, suggesting a degree of business continuity.
2. Compliant Filing Status – Both accounts and confirmation statement are up to date with no overdue filings, indicating basic regulatory compliance.
3. Subsidiary of a Plc – Ownership by a public limited company may provide access to group resources and governance oversight, though this is not verifiable from the data provided.

Due Diligence Notes
- Obtain the latest filed accounts (year ending 31 December 2024) from Companies House. These are now due and should provide current turnover, net assets, and cash position.
- Review the parent company (Franchise Brands Plc) financial statements and any published group accounts to assess the subsidiary’s role and support structure.
- Check for any changes in director appointments, PSC details, or SIC codes since 2016, as these could signal shifts in business operations.
- Investigate any contingent liabilities, litigation, or director conduct records (none flagged here, but should be confirmed via official searches).