Company Number: 13109140

Analysis Date: 2025-07-20 14:41 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and net current liabilities despite being dormant, indicating a weak financial position with accumulated deficits. The absence of trading activity and revenue generation raises concerns about the company's ability to meet obligations if it were to commence operations.

2. Key Concerns:

• Negative net assets and net current liabilities worsening from -£54 in 2023 to -£280 in 2024, signaling increasing financial strain.
• Dormant status with no trading activity, income, or expenditure reported, implying lack of operational cash flow and revenue streams.
• Minimal share capital (£100) and absence of fixed or current assets to support financial stability or liquidity.

3. Positive Indicators:

• Company is compliant with filing requirements; accounts and confirmation statements are up to date, indicating good regulatory adherence.
• Director appears stable with no noted disqualifications or governance issues.
• The company is classified as a micro-entity with exemption from audit, simplifying compliance burden.

4. Due Diligence Notes:

• Investigate reasons behind the negative net asset position and whether there are any contingent liabilities or off-balance sheet commitments not disclosed.
• Clarify future business plans to assess the company’s operational viability and potential revenue generation.
• Confirm absence of related party debts or director loans contributing to the liabilities.
• Review any correspondence with Companies House or HMRC regarding dormant status maintenance or potential penalties.