Company Number: NI704828

Analysis Date: 2025-07-20 13:19 UTC

1. Risk Rating: HIGH
   Justification: The company shows significant negative net current assets and shareholders' funds shortly after incorporation. The liabilities exceed current assets by £2,450 with shareholders’ funds at negative £2,550, indicating an immediate solvency concern. The company has minimal assets and no evidence of revenue or profitability data, which heightens financial risk.

2. Key Concerns:

• Negative net current assets (£-2,450) and shareholders’ funds (£-2,550) shortly after formation suggest poor initial capitalization or early losses.
• Limited financial history and absence of profit & loss data prevent assessment of operational cash flows and sustainability.
• The company operates in construction-related civil engineering sectors, which are capital intensive and typically require strong liquidity and working capital management; current financial position raises concerns about ability to meet obligations and fund operations.

3. Positive Indicators:

• The company is active with up-to-date filing of accounts and confirmation statements, indicating compliance with statutory requirements.
• Directors are clearly identified with no known disqualifications or governance issues evident from data.
• The company appears to have a small, defined shareholder base with two entities controlling 25-50% each, which may indicate focused ownership and potential support.

4. Due Diligence Notes:

• Investigate the nature and terms of the current liabilities (£2,830) to assess short-term cash flow pressures and creditor relationships.
• Obtain management accounts or forecasts to understand operational performance and funding plans beyond the initial filing.
• Clarify the capital structure and any planned capital injections or financing arrangements to address negative equity.
• Review any contracts or order book status in the construction and civil engineering sectors to gauge revenue pipeline.
• Verify the absence of related party transactions or contingent liabilities from connected parties (On Track Technicians Ltd and Ott Enterprises Ltd).