Company Number: 12515011

Analysis Date: 2025-07-29 20:18 UTC

1. Risk Rating: HIGH
   The company shows persistent net liabilities with negative shareholders' funds and significant net current liabilities, indicating solvency and liquidity concerns. The absence of employees and lack of audit further limit transparency and operational insight.

2. Key Concerns:

• Solvency Risk: Net liabilities of approximately £18,762 and negative shareholders' funds persist over multiple years, suggesting the company’s total liabilities exceed assets.
• Liquidity Concerns: Current liabilities (~£322,889) far exceed current assets (_{£3,365), resulting in negative net current assets (}-£225,777), indicating potential cash flow difficulties to meet short-term obligations.
• Operational Stability: The company reported zero employees during the last financial year, raising questions about its operational activities and sustainability without staff or clear revenue generation.

3. Positive Indicators:

• The company remains active and compliant with filing deadlines, with no overdue accounts or confirmation statements.
• It holds fixed assets of approximately £530,000, which may represent real estate holdings consistent with its SIC classification in property.
• Directors and significant controllers appear stable with no reported disqualifications or governance issues.

4. Due Diligence Notes:

• Investigate the nature and valuation of fixed assets to assess their liquidity and potential to cover liabilities.
• Review cash flow statements and income sources (not provided) to understand operational revenue and ability to service debts.
• Clarify the company’s business model and confirm ongoing operational activities given the absence of employees and persistent financial deficits.
• Assess the terms and maturity of the long-term liabilities (~£322,889) to gauge refinancing or repayment risk.
• Confirm whether the negative equity position has resulted from accumulated losses or other factors such as shareholder loans or revaluations.