Company Number: 13015552

Analysis Date: 2025-07-20 12:04 UTC

1. Risk Rating: HIGH
   The company exhibits significant and persistent net current liabilities and negative net assets over recent accounting periods, indicating potential solvency issues. The micro-entity financial data shows worsening working capital positions and negative shareholder funds, which is a critical red flag.

2. Key Concerns:

• Negative Net Assets and Working Capital: The 2024 accounts show net current liabilities of £736 and net assets of -£736, worsening from previous years where figures fluctuated but remained negative or marginal. This suggests ongoing financial distress and inability to cover short-term obligations.
• Minimal Share Capital and Asset Base: Share capital is only £1.00, and current assets are nominal (£34 in 2024), indicating a very limited asset base to support operations or creditor claims.
• Single Director and PSC Concentration: Mrs. Mumtaz Begum holds 75-100% ownership and control, with sole directorship. This concentration increases governance risk and dependency on one individual for operational and financial decisions.

3. Positive Indicators:

• Filing Compliance: The company is up to date with both accounts and confirmation statement filings, with no overdue documents. This suggests adherence to statutory compliance requirements.
• Active Status and No Insolvency Proceedings: The company remains active and is not currently in liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate Underlying Causes of Negative Equity: Review detailed financial statements and notes (not fully provided here) to understand the reasons behind persistent negative net assets and whether these are due to accounting conventions, timing issues, or real operational losses.
• Assess Cash Flow and Funding Sources: Examine cash flow statements and any related party transactions or director loans that may support liquidity.
• Clarify Business Model and Revenue Streams: Given the SIC code (68209) for letting and operating real estate, confirm whether the company holds property assets, leases, or operates as an intermediary, as asset values and income streams will significantly impact stability.
• Review Director Background and Related Party Transactions: Given sole control by Mrs. Begum, verify any potential conflicts of interest or related party dealings that may affect financial position.