Company Number: 13816773

Analysis Date: 2025-07-29 15:50 UTC

1. Risk Rating: MEDIUM
   The company demonstrates minimal net current assets and very modest shareholders’ funds, which constrains its financial resilience. However, it is current with filings and not in liquidation, indicating no immediate regulatory or operational distress.

2. Key Concerns:

• Low Net Current Assets and Shareholders’ Funds: The net current assets are only £534 as of 29 February 2024, down from £1,387 the previous year, reflecting tight liquidity and limited buffer to absorb financial shocks.
• Dependence on Director Advances: Significant director loans totaling approximately £38,828 (Ian Horrocks) suggest reliance on internal financing rather than external funding, which may not be sustainable long term.
• Small Scale and Limited Financial Data: As a micro-entity incorporated recently (late 2021), with only 2 employees, the company’s financial and operational scale is limited, making it more vulnerable to market or operational fluctuations.

3. Positive Indicators:

• Timely Compliance: Accounts and confirmation statements are filed on time with no overdue filings, indicating good regulatory compliance and governance discipline.
• Stable Management: Directors have held their positions since incorporation without reported disqualifications or governance issues.
• Growth in Current Assets: Current assets increased from £18,371 in 2023 to £38,827 in 2024, suggesting some asset base growth, albeit matched by liabilities.

4. Due Diligence Notes:

• Investigate the nature and terms of director advances, including repayment schedules and implications for company solvency.
• Review cash flow statements and operational income to assess the company’s ability to generate cash and meet liabilities without director loans.
• Assess any contingent liabilities or off-balance sheet exposures that could affect liquidity or solvency.
• Confirm the business model and market positioning given the SIC code 82990 (“Other business support service activities not elsewhere classified”) to understand sustainability prospects.
• Verify if there are any related-party transactions or conflicts of interest given the ownership and director overlap.