Company Number: 12588212

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

1. Risk Rating: HIGH
   The company exhibits persistent negative net current assets and shareholders’ funds over multiple years, indicating ongoing losses and potential insolvency risk. The absence of employees and minimal asset base further exacerbate concerns about operational sustainability and liquidity.

2. Key Concerns:

• Negative Shareholders’ Funds and Net Current Assets: Consistent deficits suggest the company is technically insolvent, with liabilities exceeding assets by increasing margins (£-2,771 at latest).
• Lack of Operating Revenue or Employees: No staff and limited financial activity imply minimal business operations or revenue generation, raising doubts about ongoing viability.
• Small Financial Scale and Minimal Capital: Share capital of only £1, and creditors increasing yearly without corresponding assets or income, signals weak financial underpinning and possible dependency on external funding or director support.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with accounts and confirmation statement filings, indicating regulatory compliance and good governance on statutory matters.
• Experienced Director with Relevant Industry Background: The sole director is a Chartered Surveyor, which aligns with the company’s SIC classification in building project development, potentially supporting operational knowledge.
• No Signs of Insolvency Procedures: The company is not in liquidation, administration, or receivership, suggesting no formal insolvency actions underway as of the latest data.

4. Due Diligence Notes:

• Investigate the nature and terms of the current liabilities (£2,671), including whether these are director loans or trade payables, and assess the company’s plans for meeting these obligations.
• Review any underlying contracts, project pipelines, or business plans that might indicate future revenue or asset growth to offset current negative equity.
• Clarify the source of financial support from the shareholders or external parties, given the negative retained earnings and minimal share capital.
• Confirm that there are no director disqualifications, legal claims, or contingent liabilities not disclosed in the accounts.