Company Number: 13167614

Analysis Date: 2025-07-29 21:00 UTC

1. Risk Rating: MEDIUM
   Justification: The company has demonstrated a recovery from net liabilities to positive net assets within the latest financial year, indicating improving solvency. However, prior years show sustained negative equity and low asset levels that suggest a fragile financial position. The absence of employees and reliance on micro-entity reporting limit insight into operational scale and sustainability.

2. Key Concerns:

• Historical negative net assets and shareholders’ funds in 2022, 2023, and 2024, revealing past solvency pressures that could impact creditor confidence.
• Very low current asset base and minimal share capital (£100), which may constrain liquidity and ability to absorb financial shocks.
• Lack of employees and limited operational data raises questions about business sustainability and ongoing revenue generation.

3. Positive Indicators:

• Significant improvement in net current assets from a negative £1,840 in 2024 to a positive £2,979 in 2025, indicating better short-term financial health.
• Up-to-date filings with Companies House, with no overdue accounts or confirmation statements, suggesting regulatory compliance and good governance.
• Director’s professional background as a chartered accountant likely supports sound financial management practices.

4. Due Diligence Notes:

• Investigate the source of the turnaround in net assets in 2025 to understand whether it stems from genuine operational profitability, capital injection, or accounting adjustments.
• Review underlying revenue streams, client base, and business model viability given the absence of employees and low asset base.
• Confirm no contingent liabilities or off-balance sheet obligations that might undermine the positive net asset position.
• Assess director’s related party transactions or loans given the director is also the sole occupant of the registered office and sole signatory on filings.