Company Number: 14336878

Analysis Date: 2025-07-20 11:03 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position and net current liabilities, indicating potential solvency concerns shortly after incorporation. The minimal share capital and lack of audit reduce financial transparency, increasing investor risk.

2. Key Concerns:

• Negative net assets of £998 and net current liabilities reflect a balance sheet deficit, signaling that liabilities exceed current assets.
• Debtors equal to £350,000 with no clear indication of collectability or nature of these receivables creates uncertainty about actual liquidity.
• Limited operational history (incorporated Sept 2022) and small employee base (2 employees) provide insufficient evidence of sustainable business performance.

3. Positive Indicators:

• The company is compliant with filing requirements, with no overdue accounts or confirmation statements noted, indicating good regulatory compliance.
• Directors hold clear ownership and control, potentially allowing for decisive management actions.
• Operating under a Total Exemption Full account category consistent with small company status reduces complexity and filing burdens.

4. Due Diligence Notes:

• Investigate the nature and recoverability of the £350,000 debtor balance to assess real liquidity and credit risk.
• Review cash flow forecasts and underlying contracts or project pipelines related to the development of building projects (SIC 41100).
• Assess the adequacy of working capital management given the marginal net current liabilities and limited capital base.
• Confirm absence of contingent liabilities or off-balance sheet commitments that could exacerbate solvency risk.