Company Number: 12625200

Analysis Date: 2025-07-20 16:25 UTC

1. Risk Rating: LOW
   The company demonstrates strong net asset positions consistently over recent years, with net assets of £358k as of February 2024. There are no indications of overdue filings, and current liabilities are minimal compared to current assets, suggesting low solvency and liquidity risk.

2. Key Concerns:

• Significant decline in net assets from £714k (2023) to £358k (2024), indicating a substantial reduction in financial reserves that warrants further understanding.
• Limited scale and scope of operations as a micro-entity with only one employee, potentially limiting operational stability and growth prospects.
• Reliance on a single individual (Mr. Marco Gennaro) as both majority shareholder and sole director may pose governance risks and concentration of control.

3. Positive Indicators:

• Consistent compliance with statutory filing deadlines; no overdue accounts or confirmation statements.
• Strong liquidity position reflected by current assets significantly exceeding current liabilities, with positive net current assets of £352k.
• Absence of long-term liabilities or provisions, indicating a clean balance sheet without encumbrances.

4. Due Diligence Notes:

• Investigate reasons behind the halving of net assets between 2023 and 2024, including any extraordinary expenses, write-downs, or changes in business operations.
• Review underlying business activities and revenue streams to assess sustainability given the small headcount and micro-entity status.
• Confirm governance arrangements and risk management practices given the concentrated ownership and directorship.
• Verify the accuracy and completeness of financial reporting given unaudited accounts and reliance on micro-entity accounting standards.