Company Number: 13338906

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

1. Risk Rating: HIGH
   The company presents significant solvency concerns with negative net assets and a worsening net current asset position as of the latest financial year. The absence of employees and low current assets relative to liabilities exacerbate liquidity risks.

2. Key Concerns:

• Negative Net Assets: As of 31 October 2024, net assets stand at -£8,285, indicating the company’s liabilities exceed its assets, which is a strong solvency red flag.
• Liquidity Deterioration: Current assets have fallen sharply to £48 against current liabilities of £360, resulting in negative net current assets (-£270), suggesting potential cash flow constraints.
• No Employees and Minimal Business Activity: The company reports zero employees and minimal current assets, implying limited operational scale and potential sustainability challenges.

3. Positive Indicators:

• Timely Filing Compliance: The company is up to date with its accounts and confirmation statement filings, demonstrating regulatory compliance and governance discipline.
• Single Controlling Director with Full Ownership: Mr Ajmal Hussain has 75-100% share ownership and is the sole director, indicating clear leadership and ownership structure.
• Active Website Presence: The company maintains an active website, suggesting ongoing business activity or at least an intent to maintain market presence.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities, particularly the significant amounts due after more than one year (£8,015), to understand their terms and implications for cash flow.
• Clarify the reason for the sharp reduction in current assets from £367 to £48 in the latest year to assess liquidity trends and working capital management.
• Review the business model and revenue generation capability, given no employees are reported and the company operates in real estate agency and financial intermediation sectors, which typically require active operations.
• Confirm whether any related party transactions or intercompany balances exist that may affect the financial position.
• Ascertain whether there are plans for capital injection or restructuring to address the negative equity situation.