ALCEMI STORAGE DEVELOPMENTS 24 LIMITED

Executive Summary

Alcemi Storage Developments 24 Limited is a recently incorporated private company operating in electricity production, currently exhibiting significant solvency and liquidity weaknesses as reflected by negative net current assets and shareholders' funds. While regulatory compliance is maintained and ownership by a related entity could provide support, the absence of operational revenue and employees raises sustainability concerns. Further due diligence into funding arrangements and business prospects is recommended to evaluate the company's capacity to meet obligations and progress towards financial stability.

ALCEMI STORAGE DEVELOPMENTS 24 LIMITED - Analysis Report

Company Number: 14615637

Analysis Date: 2025-07-29 17:16 UTC

1. Risk Rating: HIGH
   Justification: The company shows net current liabilities of £870 and negative shareholders' funds of £970 within its first financial period, indicating immediate solvency concerns. The lack of operating revenue and minimal current assets (£5) against current liabilities (£875) suggest liquidity stress. Being a newly incorporated entity with no employees and a trading loss points to operational instability.

2. Key Concerns:

• Negative net current assets and shareholders' funds highlight a weak financial position and potential inability to meet short-term obligations without additional funding.
• No reported turnover or employees raises questions about the viability and sustainability of ongoing business operations.
• Reliance on amounts owed to group undertakings (£375) as part of creditors may indicate intra-group financing rather than external funding, which could be vulnerable if the parent or related entities face difficulties.

3. Positive Indicators:

• The company is compliant with filing obligations; accounts and confirmation statements are up to date and not overdue, demonstrating regulatory compliance and governance discipline.
• The directors have affirmed going concern status, suggesting they believe sufficient resources exist to continue operations despite current deficits.
• Majority ownership and control by Alcemi Dos Limited may provide financial backing or strategic support.

4. Due Diligence Notes:

• Investigate the source and terms of intra-group borrowings (£375) and other creditor obligations (£500) to assess financial support and repayment risk.
• Review the business plan, pipeline contracts, or development projects to understand potential revenue streams and operational strategy given the SIC classification of electricity production.
• Examine director and shareholder intentions regarding capital injections or restructuring plans to remedy negative equity and working capital deficits.
• Confirm no audit exemption issues or contingent liabilities exist beyond the filed accounts that might worsen financial risk.