Company Number: 13504140

Analysis Date: 2025-07-29 14:24 UTC

1. Risk Rating: LOW
   The company exhibits strong net current assets relative to liabilities, no overdue filings, and a positive equity position. These factors indicate a low risk of insolvency or liquidity issues based on the latest available data.

2. Key Concerns:

• Zero Employees: The company reports no employees, which may raise questions about operational capacity or reliance on subcontractors or directors themselves for activities.
• Declining Cash Balance: Cash decreased significantly from £76,670 in 2023 to £37,833 in 2024, which could impact short-term liquidity if not managed carefully.
• Reliance on Few Directors/Controllers: With only two directors and a single significant controller holding substantial voting rights, governance and succession risk may be higher than in more diversified companies.

3. Positive Indicators:

• Strong Working Capital: Net current assets increased slightly to £125,106 in 2024 from £121,480 the prior year, indicating a solid liquidity cushion.
• Consistent Net Assets Growth: Net assets rose from £72,520 in 2021 to £126,084 in 2024, reflecting retained earnings accumulation and potential profitability.
• Up-to-Date Filings: Both annual accounts and confirmation statements are filed on time with no overdue notices, demonstrating compliance and good governance practices.

4. Due Diligence Notes:

• Clarify Operational Model: Investigate the nature of the company’s IT consultancy and software development activities given zero employees are reported. Confirm whether services are delivered by directors or outsourced.
• Examine Cash Flow Trends: Assess the reasons behind the cash reduction in 2024 and confirm ongoing cash management and funding sources.
• Review Directors’ Backgrounds: Verify any potential undisclosed risks related to directors’ conduct or financial history to rule out governance concerns.
• Confirm Revenue and Profitability: Absence of turnover or profit figures in the abridged accounts limits insight into operational sustainability. Request fuller financials or management accounts if possible.