Company Number: 13111068

Analysis Date: 2025-07-20 12:13 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and current liabilities exceeding current assets, indicating solvency risk. There are no employees and minimal financial activity, raising concerns about operational viability.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities have persisted and worsened from £-832 (2021-23) to £-511 (2024), reflecting ongoing financial deficits.
• Working Capital Deficit: Current liabilities (£1,176) significantly exceed current assets (£665) as of the latest accounts, suggesting liquidity pressures and potential difficulty meeting short-term obligations.
• Lack of Operational Activity: Zero employees and minimal financial turnover raise questions about the sustainability and business model viability.

3. Positive Indicators:

• Timely Filing: Accounts and confirmation statements are up to date without overdue filings, indicating compliance with statutory requirements.
• Stable Control: Ownership and director control is centralized with a single individual (Mr. Barrett), potentially allowing for swift decision-making.
• No Audit Requirement: The micro-entity status and exemption from audit reduce compliance burdens and costs.

4. Due Diligence Notes:

• Investigate the nature of liabilities and whether any creditor arrangements exist to address the working capital shortfall.
• Confirm the source and sufficiency of funding or financial support provided by the sole shareholder to sustain operations.
• Understand the business model and trading activities, as zero employees and micro-entity classification suggest minimal business operations.
• Review any related party transactions or director loans that may impact financial stability.
• Assess any plans or evidence of operational turnaround or capital injection to address net liability position.