Company Number: 13638714

Analysis Date: 2025-07-29 12:43 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and net liabilities over the last few years, indicating solvency concerns. Net current liabilities are substantial, suggesting liquidity stress. The company’s financial position has not improved materially since incorporation.

2. Key Concerns:

• Solvency Risk: Negative shareholders’ funds (£-9,101 as of 2024) and net liabilities indicate the company’s liabilities exceed its assets, which poses a risk to meeting obligations.
• Liquidity Issues: Net current liabilities around £49,674 show the company does not have sufficient short-term assets to cover short-term liabilities, increasing the risk of cash flow problems.
• Operational Stability: The company has zero employees and no reported profit and loss data filed, indicating limited operational activity or growth, raising questions about business sustainability.

3. Positive Indicators:

• Filing Compliance: The company is up to date with filing accounts and confirmation statements, demonstrating regulatory compliance and governance discipline.
• Asset Base: The company holds fixed assets valued at £175,453 consistently over the years, suggesting some tangible asset backing.
• Stable Ownership and Management: Both directors and significant shareholders appear stable, with no red flags such as disqualification or frequent changes.

4. Due Diligence Notes:

• Request detailed profit and loss accounts to assess operational performance and cash flow trends, as these are not publicly filed.
• Investigate the nature and terms of the £134,400 long-term creditors to understand liability structure and repayment obligations.
• Assess why net current assets remain negative despite fixed assets, including review of debtor collections and creditor payment terms.
• Clarify the company’s business model viability given zero employees and lack of growth indicators in filings.