Company Number: 13169908

Analysis Date: 2025-07-29 17:10 UTC

1. Risk Rating: HIGH
   Justification: The company shows significant net liabilities (£2,552 negative net assets) and persistent negative working capital (net current liabilities of £589). It is dormant with no trading activity or revenue, yet it has substantial overdue long-term creditors, indicating solvency and liquidity concerns.

2. Key Concerns:

• Negative net assets and shareholders’ funds, indicating insolvency on a balance sheet basis.
• Persistent net current liabilities with current assets insufficient to cover short-term obligations.
• Dormant status with no employees or trading activity, raising questions about operational sustainability and ability to generate cash flow to meet liabilities.

3. Positive Indicators:

• No overdue statutory filings, showing compliance with Companies House requirements to date.
• Director is actively maintaining the company in good standing despite lack of trading.
• Minimal share capital issued, limiting potential exposure to shareholders.

4. Due Diligence Notes:

• Clarify nature and terms of the long-term liabilities (£1,963), especially the tax and social security creditor classification, to assess potential risk or contingencies.
• Investigate plans for the company’s future operations or reasons for dormancy to understand operational strategy or intent to trade.
• Confirm director’s financial support or guarantees given the director loan balance (£71) and overall financial position.
• Verify if there are any contingent liabilities not disclosed in the dormant accounts given the negative equity.