Company Number: 13631362

Analysis Date: 2025-07-29 12:17 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets and net current assets over multiple years, indicating ongoing solvency concerns. The liabilities consistently exceed current assets, reflecting an inability to cover short-term debts with available resources.

2. Key Concerns:

• Negative Net Assets and Working Capital: The net liabilities worsening from £-1,035 in 2021 to £-1,758 in 2024 suggest deteriorating financial health and potential insolvency risk.
• Low Current Assets Relative to Liabilities: With current assets of only £172 against current liabilities of £1,570 as of the latest accounts, liquidity is severely constrained, raising concerns about meeting immediate obligations.
• Minimal Operational Scale: The company employs only one person and operates as a micro-entity in the taxi operation sector, which may limit operational resilience and ability to generate sufficient revenue to improve financial position.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is active, not in liquidation, and has filed accounts and confirmation statements on time, reflecting regulatory compliance and governance discipline.
• Exemption from Audit: Being a micro-entity with small scale operations reduces administrative burdens and costs, which could be beneficial for cash flow management.
• Stable Incorporation and Location: Incorporated recently in 2021 and situated in Crawley, West Sussex, suggesting potential for local market opportunities in taxi operations.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to assess the risk of creditor action or enforcement.
• Review cash flow statements and any management commentary (if available) to understand operational cash generation and financing plans.
• Assess the business model viability and revenue streams given the micro scale and negative equity trends.
• Verify if there are any contingent liabilities or related party transactions not disclosed in the limited accounts.
• Confirm director and ownership background for experience and financial support capability.