Company Number: 13520139

Analysis Date: 2025-07-20 14:27 UTC

1. Risk Rating: HIGH
   The company’s latest filed accounts show net current liabilities and negative net assets, indicating an erosion of working capital and overall equity. This raises significant concerns about solvency and the ability to meet short-term obligations.

2. Key Concerns:

• Negative net current assets as of 31 July 2024 (£-162), a deterioration from positive working capital in prior years, signals liquidity stress.
• Declining net assets from £355 in 2023 to -£162 in 2024 suggests accumulated losses or unrecorded liabilities.
• The company has no employees and minimal current assets (£955), implying limited operational scale and potential challenges in sustaining operations or generating revenue.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating good regulatory adherence.
• The sole director and 100% shareholder is identified and consistent, which may simplify governance and decision-making.
• The company benefits from micro-entity reporting provisions, reflecting its small size and potentially low complexity.

4. Due Diligence Notes:

• Investigate the cause of the negative net assets: Are there unreported liabilities, or has the company incurred losses not detailed here?
• Assess whether the company has any ongoing contracts, revenue streams, or plans to restore positive working capital.
• Verify the company’s cash flow position and any arrangements for financing or creditor support given the liquidity concerns.
• Confirm the absence of any director disqualifications or regulatory sanctions beyond the provided data.