Company Number: NI695315

Analysis Date: 2025-07-29 13:45 UTC

1. Risk Rating: HIGH
   The company presents significant solvency and liquidity concerns as evidenced by negative net current assets and net liabilities shortly after incorporation.

2. Key Concerns:

• Negative net current assets of £-8,180 at the first year-end indicate the company’s current liabilities exceed its current assets, suggesting immediate liquidity strain.
• Negative shareholders' funds/net assets imply the company is insolvent on a balance sheet basis, raising doubts about its ability to meet long-term obligations.
• The company has no employees and minimal operating history, limiting evidence of operational viability or revenue generation capacity.

3. Positive Indicators:

• The company is compliant with statutory filing requirements and not overdue on accounts or confirmation statements, reflecting good governance in regulatory compliance.
• Directors have relevant local ties and control, potentially facilitating timely decision-making and oversight.
• The company operates in real estate development and letting, sectors with potential for asset appreciation and income generation if business develops.

4. Due Diligence Notes:

• Investigate the nature and timing of the current liabilities causing the negative working capital to assess if they are short-term payables or related party balances.
• Review any business plans, funding commitments, or capital injections planned to address the insolvency position.
• Examine potential risks related to real estate market exposure, including asset valuation and development pipeline status.
• Confirm there are no director conduct issues or adverse regulatory actions given the company’s early stage.