PROCOOK LIMITED

1. Risk Rating: LOW The company benefits from being a subsidiary of a publicly listed parent entity (Procook Group Plc), which typically provides a buffer against solvency and liquidity crises. The company has a long operating history (incorporated in 2008), is actively trading, and demonstrates strong regulatory compliance with no overdue filings. However, the minimal share capital (£100) and the absence of detailed financial figures in this data extract limit a standalone financial assessment, making the overall risk inherently tied to the parent group's health.

2. Key Concerns: * Subsidiary Dependence and Opaque Standalone Finances: The share capital is stated as only £100. As a wholly-owned subsidiary, this entity is likely financed through intercompany loans rather than standalone equity. Without visibility into these intercompany balances or the broader group's cash flow, the standalone solvency and liquidity of Procook Limited cannot be independently verified. * Data Anomalies in Filing Dates: The "last made up" dates for both the accounts (March 2026) and the confirmation statement (January 2026) are in the future. While the filings are marked as not overdue, these future dates suggest either a data extraction error or a specific regulatory adjustment that obscures the true timeline of recent financial reporting. * Complex PSC Overlap: The People with Significant Control (PSC) register shows Procook Group Plc owning more than 75% of shares and voting rights, yet three individuals (the Xxxxxxxname shown to subscribers family) are also listed as holding between 25% and 50% of shares and voting rights each. Without clarifying the share class structures, this overlapping control raises questions about the exact distribution of equity and potential minority shareholder dynamics.

3. Positive Indicators: * Strong Corporate Backing: The ultimate control rests with Procook Group Plc. Being part of a PLC structure generally implies adherence to higher corporate governance standards, access to capital markets, and group-level financial support. * Regulatory Compliance: The company is in "Active" status, is not in liquidation, and has no overdue flags on its accounts or confirmation statements. This suggests management is maintaining basic statutory requirements. * Established Market Presence: Incorporated over 16 years ago, the company operates in a defined retail niche (SIC 47789) with an active, transactional website (procook.co.uk), indicating a stable, ongoing commercial operation rather than a dormant or shell entity.

4. Due Diligence Notes: * Group Financials: Obtain and review the latest consolidated annual reports for Procook Group Plc. The financial health of the parent is the primary determinant of this subsidiary's liquidity and solvency. * Intercompany Balances: Investigate the nature of the intercompany funding. Given the £100 share capital, the subsidiary's balance sheet will likely show significant intercompany loans (either payable to or receivable from the parent), which dictate its standalone working capital position. * Filing Date Clarification: Verify the accounting reference date and the actual filing history directly with Companies House to resolve the anomalous future "last made up" dates and ensure there are no hidden reporting delays. * Share Structure Review: Request the company's register of members to understand how the Xxxxxxxname shown to subscribers family's 25-50% individual holdings interact with the PLC's >75% holding, clarifying if these are different share classes or if the individual holdings are indirect via the PLC.

Names of the people mentioned are shown to subscribers. See subscription