Company Number: 15435664

Analysis Date: 2025-07-19 12:07 UTC

1. Risk Rating: HIGH
   The company exhibits a significant negative net asset position (-£8,617) within its first financial year, indicating insolvency on a balance sheet basis. This poses a high risk regarding solvency and financial stability.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows liabilities exceeding assets by £8,617, a strong indicator of insolvency risk.
• Working Capital Deficit: Current liabilities (£30,958) significantly exceed current assets (£2,102), suggesting liquidity constraints and potential cash flow difficulties.
• Newly Incorporated with Limited Trading History: Incorporated in January 2024, the company has limited financial track record, increasing uncertainty about operational sustainability.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statement filings are up to date, indicating compliance with statutory requirements.
• Full Control by a Single Director/PSC: Clear governance structure with Mr Adam Paul Shea holding 100% control could facilitate swift decision-making.
• Micro-entity Status: Simplified reporting reduces administrative burden and costs, potentially beneficial for early-stage operations.

4. Due Diligence Notes:

• Investigate the cause of the negative net assets: Are these due to initial start-up costs, debt financing, or other liabilities?
• Review cash flow forecasts and funding sources: Assess if the company has access to sufficient working capital to cover short-term obligations.
• Clarify business model and contracts: Understand the nature of trading since incorporation and prospects for sustainable revenue generation.
• Director background check: No disqualifications noted, but confirm no adverse history that could impact governance.
• Examine related party transactions or loans: Given sole directorship and ownership, verify any inter-company or personal loans affecting the balance sheet.