Company Number: 13645034

Analysis Date: 2025-07-29 12:48 UTC

1. Risk Rating: LOW to MEDIUM
   The company demonstrates a positive net asset position with a small but positive net current asset balance in the latest year. There are no overdue filings or indications of insolvency, which supports a low to medium risk rating. However, the very limited scale of operations and minimal assets suggest cautious monitoring.

2. Key Concerns:

• Minimal Operating Scale: The company has zero employees and extremely low fixed and current asset values, indicating limited operational capacity and possible reliance on owner-director activities.
• Thin Working Capital: Net current assets are positive but marginal (£17 in 2024), which means limited liquidity buffer to meet short-term obligations.
• Shareholder Concentration: Control is highly concentrated with one individual holding 75-100% voting rights and shares, which could pose governance risks or succession concerns.

3. Positive Indicators:

• Compliance and Timeliness: No overdue statutory filings (accounts or confirmation statements) indicate good regulatory compliance.
• Positive Net Assets: The company maintains a small but positive net asset base (£1,098 in 2024) that has shown slight growth from prior years.
• No Indications of Insolvency: No signs of liquidation, administration, or financial distress are apparent in the available data.

4. Due Diligence Notes:

• Investigate the nature of the company’s business model and revenue generation to understand sustainability, given the zero employee count and micro-entity status.
• Review cash flow statements or bank statements if available to assess liquidity beyond balance sheet figures.
• Confirm the background and stability of the principal director and sole significant controller, including any potential related party transactions or financial support arrangements.
• Examine any off-balance-sheet liabilities or contingent risks not disclosed in micro-entity accounts.
• Assess the reason for the resignation of the previous director and secretary in 2022-2024 to rule out governance or operational issues.