Company Number: 13322600

Analysis Date: 2025-07-20 18:09 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (£-1,626) for the latest financial year, with no turnover and minimal current assets, indicating an inability to meet liabilities without external support.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: The company recorded net liabilities of £1,626 as of 30 April 2024, down from positive net assets in the prior year, signaling deteriorating financial health.
• Zero Turnover for Latest Year: No recorded revenue in the 2023-24 financial year raises concerns about operational viability and business continuity.
• Outstanding Long-Term Creditors: The presence of creditors due after more than one year (£1,626) without corresponding assets or cash flow highlights solvency risk and potential liquidity issues.

3. Positive Indicators:

• Compliance with Filing Requirements: The company’s accounts and confirmation statements are filed on time with no overdue returns, indicating good regulatory compliance.
• Active Status with Clear Governance: The company remains active with a named director and corporate secretary in place, suggesting ongoing management oversight.
• Micro-Entity Filing Compliance: The company benefits from micro-entity accounting exemptions, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors and any potential repayment obligations or restructuring plans.
• Clarify business operations given zero turnover—determine whether the company is in start-up, dormant, or restructuring phase.
• Review cash flow forecasts and funding sources to assess how liabilities will be met going forward.
• Confirm whether any contingent liabilities or off-balance sheet obligations exist beyond those disclosed.
• Assess the director’s plans and strategy for restoring profitability and financial stability.