Company Number: 13626330

Analysis Date: 2025-07-29 15:57 UTC

1. Risk Rating: HIGH
   Justification: The company shows significant net current liabilities (£335,843) and negative net assets (£267,292) as of the latest accounts date, indicating solvency concerns. The absence of employees and the negative equity position suggest operational and financial instability.

2. Key Concerns:

• Solvency Risk: Net liabilities and negative shareholders’ funds indicate the company’s liabilities exceed its assets, raising doubts about its ability to meet obligations.
• Liquidity Concerns: Current liabilities of £399,054 against current assets (debtors of £63,211 only) reveal a substantial working capital deficit, implying cash flow difficulties.
• Operational Stability: The company has no employees, which may point to minimal or no active operations, raising sustainability questions.

3. Positive Indicators:

• Compliance: The company is up to date with both accounts and confirmation statement filings, with no overdue submissions or penalties noted.
• Ownership: Clear and concentrated ownership structure with a single corporate PSC (Untapped Group Ltd) and a director with full control, which can simplify governance and decision-making.
• Tangible Assets: The company holds tangible fixed assets valued at £68,551, indicating some invested capital.

4. Due Diligence Notes:

• Investigate the nature and collectability of the debtor balance (£63,211) to assess liquidity realistically.
• Clarify the reasons for the large current liabilities (£399,054), including trade creditors and group debts, and determine repayment plans or creditor arrangements.
• Examine business operations since incorporation, particularly given zero employees, to understand revenue generation and sustainability of the business model.
• Confirm the extent of support, if any, from the parent company (Untapped Group Ltd) or related parties to address financial deficits.
• Review any contingent liabilities or off-balance sheet commitments not disclosed in the accounts.