Company Number: 14405998

Analysis Date: 2025-07-29 18:56 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position persisting over multiple years, indicating solvency concerns. Current liabilities substantially exceed current assets, signaling liquidity stress. The absence of employees and minimal asset base also question operational sustainability.

2. Key Concerns:

• Persistent negative net assets: The balance sheet shows net liabilities of approximately £2,873 as of November 2024, worsening from negative £2,632 the prior year, highlighting ongoing financial distress.
• Working capital deficiency: Current liabilities (£3,382) far exceed current assets (£148), with net current liabilities of £3,234, implying difficulties meeting short-term obligations.
• Lack of operational scale and revenue indicators: No reported employees and negligible fixed/current assets suggest minimal business activity, raising questions on revenue generation and business viability.

3. Positive Indicators:

• Company is current on filings: Both annual accounts and confirmation statements are filed on time, demonstrating regulatory compliance.
• Active status with no liquidation or administration: The company remains active and not under formal insolvency proceedings.
• Clear ownership and management structure: Two directors with significant control identified, indicating governance clarity.

4. Due Diligence Notes:

• Investigate the business model and revenue streams, given the lack of employees and minimal assets.
• Review cash flow statements and bank balances (not included) to assess liquidity beyond the snapshot of current assets/liabilities.
• Understand the nature and timing of current liabilities to evaluate if these are overdue or manageable.
• Clarify any related party transactions or director loans that may impact solvency.
• Confirm whether the company has any contingent liabilities or pending legal issues that could further impair financial stability.