Company Number: 13163082

Analysis Date: 2025-07-20 15:39 UTC

1. Risk Rating: HIGH
   Justification: The company shows extremely limited financial resources with nominal net assets (£11) and no current assets as of the latest year-end. Turnover is minimal and barely covers material costs, resulting in a near breakeven position with negligible profits. There is no indication of operational scale or asset base to support sustainable trading or meet obligations.

2. Key Concerns:

• Liquidity Risk: Zero current assets and current liabilities of zero suggest no working capital buffer or cash reserves, raising concerns about the ability to meet short-term obligations or unexpected expenses.
• Operational Stability: Very low turnover (£24,877 in the latest year) with no employees and no fixed assets indicates a micro-scale operation with limited business activity, which may not be sustainable.
• Capital Adequacy: Share capital and net assets stand at a nominal £11, which is not sufficient to support growth or absorb losses, suggesting vulnerability to operational shocks.

3. Positive Indicators:

• Compliance: The company is active, with up-to-date filings for accounts and confirmation statements, indicating no immediate regulatory compliance issues.
• No Overdue Filings: Accounts and returns are not overdue, reducing risk of penalties or regulatory intervention.
• Stable Management: The same director and secretary have been in place since incorporation, suggesting continuity in governance.

4. Due Diligence Notes:

• Investigate the nature of the company’s contracts or customer base given the low turnover and zero employees.
• Clarify the business model and how operational costs are funded given the lack of assets and working capital.
• Review bank statements or cash flow statements (if available) to assess actual liquidity and potential external funding sources.
• Confirm no undisclosed liabilities or contingent risks exist given the minimal balance sheet disclosures.