Company Number: 14311655

Analysis Date: 2025-07-20 12:24 UTC

1. Risk Rating: HIGH
   The company demonstrates a negative net asset position (£-1,249), indicating insolvency on a balance sheet basis. Current liabilities exceed current assets, and the presence of creditors due after one year at £6,800 suggests long-term obligations without sufficient assets to cover them.

2. Key Concerns:

• Negative Net Assets: The company's liabilities exceed its assets, reflecting an insolvency state that threatens its ability to meet obligations.
• Liquidity Position: Current liabilities (£6,800) surpass current assets (£5,551), implying potential cash flow constraints in meeting short-term commitments.
• No Employees and Early Stage: Incorporated in August 2022 and reporting zero employees, the business may not yet be generating sufficient operational activity or revenue, raising concerns about sustainability.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with both accounts and confirmation statement filings, indicating adherence to regulatory requirements.
• Exemption from Audit: As a micro-entity, it benefits from simplified reporting, reducing administrative burden.
• Active Status: The company remains active and not in liquidation or administration.

4. Due Diligence Notes:

• Examine Cash Flow and Profit & Loss Data: The accounts provide limited financial details beyond the balance sheet. Investigate income, expenses, and cash flow trends to assess operational viability.
• Clarify Nature of Creditors: Understand the composition and repayment terms of the £6,800 creditors falling due after more than one year.
• Review Business Plan and Funding: Given the negative equity and no employees, assess funding sources and plans to achieve operational stability.
• Director Background: Verify director credentials and any past involvement in companies with financial distress.