Company Number: 13453461

Analysis Date: 2025-07-29 18:58 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits persistent negative net assets and shareholders' funds, with net liabilities increasing from £-5,729 in 2024 to £-7,880 in 2025. The long-term creditors remain significant (£21,012) with little reduction. Cash balances have declined, and there are no reported employees, suggesting limited operational capacity.

2. Key Concerns:

• Solvency Risk: Negative equity and growing net liabilities indicate the company is insolvent on a balance sheet basis, raising concerns about its ability to meet long-term obligations.
• Liquidity Concerns: Cash reserves have decreased from £16,193 to £14,001 year-on-year, and current liabilities (£990) exceed current assets excluding cash, which may pressure short-term liquidity.
• Operational Stability: The absence of employees over the reported years and lack of detailed profit and loss data (due to exemption) limits visibility on revenue generation and operational viability.

3. Positive Indicators:

• Filing Compliance: The company is current with both accounts and confirmation statement filings, indicating regulatory compliance and up-to-date statutory reporting.
• Stable Long-Term Creditors: The long-term creditor figure of £21,012 has remained stable, suggesting no worsening of long-term debt obligations during the latest year.
• Experienced Directors: The current directors have relevant occupational backgrounds (project manager and electrician), and no disqualification records were noted, indicating stable governance at the director level.

4. Due Diligence Notes:

• Obtain the full profit and loss account and cash flow statements to assess operational performance and cash generation capability, currently unavailable due to exemption.
• Investigate the nature and terms of the £21,012 long-term creditors to understand repayment schedules and any associated covenants or risks.
• Review shareholder support mechanisms, given persistent negative equity, to ascertain if there are plans for capital infusion or restructuring.
• Confirm any related party transactions or contingent liabilities not disclosed in summary accounts.
• Assess market position and contracts in the construction sector to evaluate future revenue potential and sustainability.