Company Number: 15110092

Analysis Date: 2025-07-20 12:13 UTC

1. Risk Rating: HIGH
   Justification: The company shows net current liabilities and negative shareholders’ funds shortly after incorporation, indicating potential solvency issues. No employees are reported, and cash on hand is minimal relative to liabilities. The company is very new with limited operating history, increasing operational risk.

2. Key Concerns:

• Negative net current assets (£-42) and shareholders’ funds (£-142) suggest the company is currently insolvent on a balance sheet basis.
• Very low cash reserves (£2,490) barely cover short-term liabilities (£2,532), exposing the company to liquidity risk.
• No employees reported and no detailed turnover or profit figures available, limiting evidence of sustainable operations.

3. Positive Indicators:

• The company is current with statutory filings, including accounts and confirmation statements, indicating compliance with regulatory requirements.
• Directors appear properly appointed and stable since incorporation, with significant control clearly documented.
• The business operates in the hairdressing and beauty treatment sector (SIC 96020), a service industry with potential for growth and cash conversion if managed well.

4. Due Diligence Notes:

• Obtain detailed management accounts or cash flow forecasts to assess operational cash generation and liquidity beyond the abridged accounts.
• Investigate the nature and timing of current liabilities—whether these are trade payables or short-term borrowings—and any plans for settlement.
• Clarify revenue generation, client base, and business model viability given no employees and minimal assets.
• Review director backgrounds and any related-party transactions given the controlling interest of one director.
• Assess any contingent liabilities or off-balance sheet commitments that may affect solvency.