Company Number: 12591364

Analysis Date: 2025-07-29 14:07 UTC

1. Risk Rating: HIGH
   The company’s financials show significant solvency concerns, with net assets turning negative in the latest year and current liabilities exceeding current assets. The high level of creditors due after more than one year relative to total assets suggests potential difficulties in meeting obligations.

2. Key Concerns:

• Negative net assets of £1,783 as of 31 May 2024, down from positive £18,561 the previous year, indicating deteriorating solvency.
• Current liabilities and long-term creditors (£29,986) outweigh current assets (£11,503), implying liquidity stress and potential cash flow difficulties.
• No employees reported and the company operates as a micro-entity in a specialized sector (Funeral and related activities), raising questions on operational scale and sustainability.

3. Positive Indicators:

• Accounts and confirmation statements are up to date with no overdue filings, indicating compliance with filing requirements.
• The company is active with a sole director and 100% ownership by a single individual, suggesting clear control and governance structure.
• Fixed assets remain stable at £16,700, providing some tangible asset backing.

4. Due Diligence Notes:

• Investigate the nature and terms of the creditors due after more than one year to assess refinancing or restructuring risk.
• Review cash flow statements or additional management information to evaluate ongoing liquidity and operational cash generation.
• Clarify the business model viability given the absence of employees and recent name changes, which may indicate restructuring or strategic shifts.
• Confirm if any director personal guarantees or related party transactions exist that could affect financial stability.