Company Number: 14253197

Analysis Date: 2025-07-20 14:09 UTC

1. Risk Rating: HIGH
   The company shows a significant deterioration in liquidity with net current liabilities of £3,883 as at 31 July 2024 and substantial long-term creditors (£27,017), despite holding fixed assets. Net assets have declined sharply to £6 from £2,463 the previous year, indicating very thin equity and potential solvency concerns.

2. Key Concerns:

• Negative net current assets in the latest year indicate potential short-term liquidity problems and challenges in meeting current obligations.
• Large creditors due after more than one year (£27,017) relative to very low equity suggest heavy leverage and financial risk.
• Minimal net assets (£6) and shareholder funds raise serious questions about solvency and the company’s ability to absorb losses or secure financing.

3. Positive Indicators:

• The company remains active and up to date with statutory filings and accounts, indicating compliance with regulatory requirements.
• Fixed assets remain stable, suggesting some tangible asset base backing the business operations.
• Directors appear stable with no indications of disqualifications or governance issues from available data.

4. Due Diligence Notes:

• Verify the nature and terms of the creditors, particularly the large amounts falling due after one year, to assess financial commitments and refinancing risks.
• Investigate cash flow statements and profit/loss information not provided here to understand operational profitability and cash generation capacity.
• Review director plans or strategies for addressing the declining net assets and liquidity challenges, including any capital injections or restructuring initiatives.