Company Number: 12613414

Analysis Date: 2025-07-20 16:09 UTC

1. Risk Rating: HIGH
   Justification: The company shows zero turnover and net assets for the most recent reporting period, with a history of significant negative net assets and current liabilities totaling £47,250 in prior years. The absence of revenue generation and persistent liabilities indicate high solvency and liquidity risk.

2. Key Concerns:

• Persistent negative net assets and shareholder deficits in earlier years suggest ongoing financial distress.
• Zero turnover for the last two reported years, including the latest year, raises concerns about operational viability and sustainability.
• Current liabilities have remained constant at £47,250 without corresponding asset growth or income to cover obligations.

3. Positive Indicators:

• The company is up-to-date with both accounts and confirmation statement filings, indicating regulatory compliance and governance adherence.
• As a micro-entity, it benefits from simplified reporting, which reduces administrative burden.
• There is a single director and 100% owner actively maintaining company filings, suggesting control and oversight.

4. Due Diligence Notes:

• Investigate the nature and cause of the persistent current liabilities, and whether these represent trade creditors, loans, or other obligations.
• Clarify the company’s business operations given the zero turnover for two consecutive years despite having SIC codes related to distribution holding, transportation support, and construction.
• Assess any contingent liabilities or off-balance sheet commitments not disclosed in the accounts.
• Verify if there are any pending insolvency risks or creditor actions given the negative equity previously reported.
• Confirm whether the company has any ongoing contracts, assets, or business plans that could improve financial performance.