Company Number: 12688494

Analysis Date: 2025-07-20 16:07 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (negative shareholders funds), indicating insolvency on a balance sheet basis. Long-term liabilities exceed total assets, raising solvency concerns. The absence of employees and minimal fixed assets suggest limited operational capacity.

2. Key Concerns:

• Negative Net Assets: The balance sheet at 30 June 2024 shows net liabilities of £3,596, worsening from prior years, signaling potential insolvency risk.
• Long-Term Liabilities: Creditors falling due after more than one year stand at £9,000 consistently, a significant burden relative to the asset base of the company.
• No Employees and Minimal Operational Footprint: Zero employees reported and very low fixed assets (£600) may indicate limited operational activity or a non-viable business model.

3. Positive Indicators:

• Timely Filing Compliance: Both accounts and confirmation statements are up to date with no overdue filings or penalties.
• Stable Current Asset Base: Current assets are stable around £5,000-6,000, and net current assets remain positive, indicating short-term liquidity to meet immediate obligations.
• Director Stability: Single director has been in place since incorporation, which may suggest consistent management.

4. Due Diligence Notes:

• Investigate nature and terms of the £9,000 long-term liabilities to assess repayment risk and creditor exposure.
• Review cash flow statements (not available here) to determine if operating cash flows support ongoing obligations despite negative equity.
• Understand business model viability given zero employees and limited fixed assets—confirm if the company trades or is a holding entity.
• Clarify ownership/control details, as no persons with significant control are listed, which may indicate incomplete records or unusual ownership structure.