Company Number: 15112185

Analysis Date: 2025-07-20 11:24 UTC

1. Risk Rating: HIGH
   Justification: The company shows net liabilities of £136,760 and negative net current assets of £234,673, indicating insolvency concerns. Reliance on director support for going concern status and significant long-term secured bank debt of £523,037 further elevate the risk profile.

2. Key Concerns:

• Negative shareholders’ funds and net liabilities indicate financial distress.
• Substantial secured bank loans (£582,898 total, with £300,694 repayable after 5 years) relative to asset base suggest high leverage.
• Operating with no employees and dependent on director support raises questions about operational sustainability.

3. Positive Indicators:

• Fixed assets of £620,950, including tangible assets (£553,450) and goodwill (£67,500), provide some asset backing.
• Accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance.
• Directors have explicitly stated continued support for at least 12 months, suggesting some liquidity backing.

4. Due Diligence Notes:

• Investigate nature and terms of secured bank loans and repayment schedules, including any covenants.
• Review directors’ plans and financial projections supporting going concern assertion.
• Examine related party loan of £165,232 and its impact on cash flow and liquidity.
• Explore business model and revenue generation given no employees and current liabilities exceeding current assets.
• Confirm accuracy and completeness of unaudited financial statements.