Company Number: 13359352

Analysis Date: 2025-07-29 20:44 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks, as demonstrated by persistent and increasing net current liabilities and negative shareholders' funds over multiple years. The very low current assets relative to current liabilities indicate acute cash flow constraints.

2. Key Concerns:

• Severe Negative Net Current Assets: The company's net current liabilities increased from approximately £31k in 2024 to £36k in 2025, indicating worsening short-term liquidity issues.
• Consistent Negative Shareholders' Funds: The company has accumulated losses leading to negative equity, which raises concerns about long-term sustainability and capital adequacy.
• Absence of Employees and Operational Scale: The company reported zero employees, suggesting limited operational capacity or reliance on directors only, which may impact business continuity and growth potential.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, showing good regulatory compliance without overdue reports.
• Stable Directorship and Control: Directors and persons with significant control have been consistent since incorporation, which may indicate stable governance.
• Micro-Entity Status: As a micro-entity, the company benefits from simplified reporting which reduces administrative burden.

4. Due Diligence Notes:

• Investigate the nature of current liabilities to understand if they are trade payables, loans, or intercompany debt, and assess repayment terms or restructuring plans.
• Clarify the company's business model and revenue generation strategy, given the absence of employees and very low current assets.
• Review any related party transactions or director loans that may impact financial stability.
• Confirm whether the company has access to external financing or financial support to address the negative net asset position.
• Examine recent trading performance and forecasts to evaluate potential for turnaround.