Company Number: 15258832

Analysis Date: 2025-07-29 13:52 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (£-1,588) and negative net current assets (£-1,378) within its first full financial year. This indicates insolvency on a balance sheet basis and raises significant concerns about its ability to meet obligations as they fall due.

2. Key Concerns:

• Negative Equity and Working Capital: The company's liabilities exceed its current assets, suggesting potential liquidity issues and risk of insolvency.
• Very Limited Operating History: Incorporated in November 2023, the company is newly formed with just over one year of trading, making it difficult to assess operational sustainability.
• Minimal Financial Disclosure and No Profit & Loss Account: Filing under micro-entity exemptions limits insight into profitability, cash flows, and operational performance, hampering thorough risk assessment.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed both accounts and confirmation statements on time, indicating good regulatory compliance and governance practices.
• Clear Ownership and Control: Two directors/shareholders control the company with transparent PSC information, which reduces risks related to ownership opacity.
• Low Headcount: Employing only 2 persons (including directors) suggests a lean cost base, which may help preserve cash flow in early stages.

4. Due Diligence Notes:

• Investigate the nature of the current liabilities (£1,624) due within one year to assess payment terms and creditor risk.
• Request detailed management accounts or cash flow forecasts to assess the company's liquidity position and operational viability going forward.
• Clarify the business plan and revenue model given the SIC code (financial intermediation not elsewhere classified) and lack of profitability data.
• Assess any off-balance sheet liabilities or contingent risks not captured in micro-entity filings.
• Consider background checks on directors’ previous company involvements and financial conduct.