Company Number: 14628177

Analysis Date: 2025-07-29 15:49 UTC

1. Risk Rating: HIGH
   The company shows net current liabilities and a negative net asset position as of the latest financial year end, indicating insolvency risk. The small scale of operations and sole director structure further increase vulnerability.

2. Key Concerns:

• Negative net assets of £1,783 as of 31 March 2025, following a positive net asset position in 2024, suggesting a deterioration in financial health.
• Current liabilities (£14,000) exceed current assets (£12,217), resulting in a working capital deficit, which may impair short-term liquidity and ability to meet obligations.
• The company is a micro-entity with only one employee (the director) who is also the sole shareholder, creating operational concentration risk and potential governance limitations.

3. Positive Indicators:

• The company is current on all statutory filings with no overdue accounts or confirmation statements, indicating compliance discipline.
• Incorporated recently (January 2023), suggesting it is in early development and may be scaling operations.
• The director’s occupation as scaffolder aligns with the company’s SIC code for scaffold erection, indicative of relevant operational focus.

4. Due Diligence Notes:

• Investigate the reasons for the decline from positive net assets in 2024 to negative in 2025, including detailed review of underlying cash flows, creditor terms, and any contingent liabilities.
• Assess the company’s business model, contract pipeline, and client base to evaluate sustainability and revenue outlook given the micro scale and sole director structure.
• Review director’s plans for addressing the working capital deficit and whether external financing or restructuring is anticipated to restore solvency.