Company Number: 14490791

Analysis Date: 2025-07-29 19:03 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (£-400) despite being newly incorporated, indicating immediate solvency concerns. The micro-entity financials reveal current liabilities exceeding current assets by a wide margin, raising significant liquidity risk.

2. Key Concerns:

• Negative Net Assets: The balance sheet reflects a deficit of £400, implying liabilities exceed assets, which is a red flag for solvency and potential going concern issues.
• Extremely Low Current Assets: Only £100 in current assets against £295,320 in current liabilities, suggesting poor liquidity and inability to meet short-term obligations.
• No Employees and Limited Operational Data: The absence of employees and minimal operational information raises questions regarding the company’s business activity and sustainability.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company has filed accounts and confirmation statements on time, indicating regulatory compliance and good governance in terms of statutory requirements.
• Ownership Concentration: A single person (Khaled El Jalek) owns 75-100% shares and controls the company, which can facilitate swift decision-making and operational control.
• No Indication of Insolvency Proceedings: The company status is active with no liquidation or administration processes underway.

4. Due Diligence Notes:

• Investigate the nature of the substantial current liabilities and their origin, including whether these are related party loans or operational debts.
• Clarify the company's business model and revenue generation plans given the absence of employees and minimal current assets.
• Review directors’ plans to rectify the negative net asset position and improve liquidity, including any capital injections or restructuring initiatives.
• Confirm whether the fixed assets (£294,820) are tangible and realizable or if there are impairments or restrictions affecting their value.
• Assess the director’s background and financial capacity to support the company going forward.