Company Number: SC664768

Analysis Date: 2025-07-20 18:25 UTC

1. Risk Rating: MEDIUM
   The company's solvency position shows a positive net current asset position and positive shareholders' funds, but a notable decline in cash and equity in the latest year signals some caution. The lack of turnover and reported employees may indicate limited operational activity, which could affect sustainability.

2. Key Concerns:

• Declining cash balance from £25,545 in 2023 to £17,342 in 2024, reducing liquidity cushion.
• Shrinking shareholders’ funds from £28,830 in 2023 to £19,116 in 2024 suggests erosion of capital or retained earnings.
• No reported turnover disclosed in accounts and zero employees currently, raising questions on ongoing business operations and revenue generation.

3. Positive Indicators:

• Positive net current assets of £2,811 as of June 2024, indicating current liabilities are covered by current assets.
• No overdue filings for accounts or confirmation statement, showing compliance with regulatory filing requirements.
• Director and person with significant control is consistent and appears stable, with no disqualifications noted.

4. Due Diligence Notes:

• Investigate underlying reasons for the decrease in cash and equity, including any significant expenses or loss-making activities.
• Confirm current trading status and revenue streams, as income statement was not filed and turnover figures are absent.
• Review any contingent liabilities or off-balance sheet risks, especially related to tax and social security creditors which are the only creditors reported.
• Assess the operational model given that average employee count is nil for 2024 and the company is classified in a technical consulting SIC code.