Company Number: NI691273

Analysis Date: 2025-07-29 13:42 UTC

1. Risk Rating: HIGH
   The company exhibits significant liquidity strain and ongoing net current liabilities despite being a recently incorporated entity. The continuing negative working capital position and modest net assets heighten concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Negative Net Current Assets: The company reported net current liabilities of £5,003 for FY 2024, an improvement from £9,611 in FY 2023 but still negative, indicating liquidity pressure.
• Low Cash Reserves: Cash at bank is only £3,384 as at September 2024, which may be insufficient to cover immediate liabilities of £9,212.
• Limited Scale and Operational Data: With only 2 employees and minimal disclosed turnover or profit/loss figures, the business scale and sustainability are unclear. The absence of a profit and loss account limits insight into operational profitability and cash flow.

3. Positive Indicators:

• Timely Filing: Both accounts and confirmation statement filings are up to date, indicating regulatory compliance and good governance in statutory submissions.
• Owner Control: Ms. Xuyen Thi Nguyen owns 75-100% of shares and voting rights, suggesting clear decision-making authority and control.
• Tangible Fixed Assets: The company holds tangible assets of £9,760, which may provide some collateral value or operational base.

4. Due Diligence Notes:

• Obtain and review management accounts or cash flow forecasts to assess operational viability and short-term cash sufficiency.
• Investigate details of creditors and terms of liabilities, particularly the £3,000 of longer-term creditors, to understand repayment obligations and refinancing risks.
• Clarify revenue streams, client base, and profitability given absence of profit and loss data, to evaluate sustainability of the business model.
• Confirm if any related party transactions or director loans exist that impact liquidity or solvency.
• Monitor ongoing compliance with Companies House filings and check for any director conduct issues or insolvency warnings.