Company Number: 13524937

Analysis Date: 2025-07-20 12:25 UTC

1. Risk Rating: LOW
   The company demonstrates modest but positive net current assets and shareholders' funds, with no overdue filings or signs of insolvency. The absence of employees and reliance on micro-entity reporting standards suggest a small-scale operation with limited complexity, reducing operational and compliance risks.

2. Key Concerns:

• Declining Net Assets: Net assets decreased from £5,106 in 2023 to £3,420 in 2024, indicating erosion of equity which merits monitoring.
• Limited Operational Scale: No employees and very small asset base may indicate limited operational activity or growth potential.
• Accruals and Deferred Income Increase: Accruals rose significantly from £840 to £2,040, which could impact cash flow if not matched by revenue collection.

3. Positive Indicators:

• Positive Working Capital: Net current assets remain positive (£5,460 in 2024), implying the company can meet short-term liabilities.
• Up-to-Date Compliance: No overdue accounts or confirmation statements, suggesting good governance and regulatory compliance.
• Director Control and Stability: Single director with 75-100% ownership indicates clear decision-making authority and control.

4. Due Diligence Notes:

• Review detailed notes behind the accruals and deferred income to assess cash flow timing and obligations.
• Investigate reasons for net asset decline to determine if related to operational losses or one-off factors.
• Confirm ongoing business activities given zero employees and small financial footprint.
• Verify any related party transactions given sole director ownership structure.