Company Number: 13112596

Analysis Date: 2025-07-20 14:08 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position for the latest year-end, indicating insolvency on a balance sheet basis. The total liabilities exceed the total assets, and shareholders’ funds are negative (£-442), which is a significant red flag for solvency risk.

2. Key Concerns:

• Negative Net Assets: The balance sheet reveals liabilities exceeding assets by approximately £442, suggesting the company is technically insolvent.
• High Long-Term Creditors: Creditors due after more than one year increased to £72,916 in 2024 from £60,255 in 2023, which raises concerns about the company’s ability to service these long-term debts.
• No Employees Reported: The company has reported zero employees for the last two years, which may indicate minimal or no operational activity, raising questions about business sustainability and revenue generation.

3. Positive Indicators:

• Current Assets Exceed Current Liabilities: Net current assets remain positive (£10,423 in 2024), which suggests short-term liquidity is being maintained adequately.
• Consistent Filing Status: The company is current with its accounts and confirmation statement filings, indicating regulatory compliance and governance discipline.
• Increasing Fixed Assets: Fixed assets increased from £49,677 in 2023 to £62,051 in 2024, which could imply investment in operational capacity or equipment.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors to assess repayment risk and any potential restructuring or refinancing arrangements.
• Clarify the company’s revenue generation and operational status given the reported zero employees and lack of detailed income statement data.
• Assess director and shareholder support given the minimal share capital (£2.00) and the negative equity position.
• Review any contingent liabilities or off-balance-sheet commitments that could further impact financial stability.
• Confirm if the company is trading or dormant in practice despite being active on Companies House.