Company Number: 14358806

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

1. Risk Rating: HIGH
   The company shows significant negative net assets and net current liabilities, indicating insolvency risk. The current liabilities substantially exceed current assets, and shareholders’ funds are deeply negative, reflecting financial distress.

2. Key Concerns:

• Negative net current assets of £4,429 and net assets of £4,429 deficit as of 30 September 2024 indicate the company’s inability to meet short-term obligations from available liquid resources.
• Reliance on a single director and shareholder controlling 75-100% equity and voting rights may pose governance and control risks, especially given the company’s financial position.
• Lack of detailed profit and loss account filing and minimal employee base (only one employee) limit insight into operational performance and sustainability.

3. Positive Indicators:

• Compliance with filing deadlines for accounts and confirmation statements mitigates regulatory risk.
• The business is active and engaged in a specialized legal advisory niche (SIC 69109), which may offer potential for growth if financial issues are resolved.
• Cash position improved from £1 in 2023 to £2,647 in 2024, showing some liquidity improvement, albeit still insufficient against liabilities.

4. Due Diligence Notes:

• Obtain full profit and loss statements to assess operational income, expenses, and underlying cash flows.
• Investigate the nature and terms of current liabilities (£7,076) to understand creditor exposure and payment schedule.
• Review director’s plans or restructuring efforts to address negative net assets and improve solvency.
• Assess the ongoing viability of the business model and market positioning in the legal advisory sector.
• Confirm absence of any director disqualifications or regulatory actions beyond public records.