Company Number: 14459112

Analysis Date: 2025-07-29 12:42 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk given net liabilities of £16,302 and negative net current assets of £32,330. Its current liabilities far exceed current assets, indicating immediate liquidity concerns. The company is only one year old, with a minimal capital base (£1 share capital) and no audit-exempt profit and loss account disclosed, which restricts insight into operational performance.

2. Key Concerns:

• Negative Net Worth: Shareholders' funds are deeply negative at -£16,303, suggesting accumulated losses and erosion of equity.
• Severe Working Capital Deficit: Current liabilities (£34,354) vastly exceed current assets (£2,024), implying potential cash flow difficulties to meet short-term obligations.
• Limited Operational History and Transparency: Incorporated in late 2022 with only one accounting period filed; absence of detailed profit and loss data limits assessment of revenue generation and expense management.

3. Positive Indicators:

• No Overdue Filings: The company is current with both accounts and confirmation statement filings, reflecting good compliance discipline.
• Fixed Assets Present: Tangible fixed assets valued at £16,028 may provide some collateral or operational capacity.
• Single Director and PSC Structure: Clear governance with one director and identifiable persons with significant control, reducing complexity in decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of the £34,354 current liabilities, particularly the large "other creditors" component (£32,326). Are these trade payables, loans, or related-party debts?
• Request full profit and loss accounts or management accounts to evaluate revenue, margins, and cash flow trends over the period.
• Assess the business model viability and plans to restore positive working capital, including capital injections or operational restructuring.
• Verify any contingent liabilities or off-balance sheet obligations not disclosed in the filings.