Company Number: 14739451

Analysis Date: 2025-07-29 13:04 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk as evidenced by net liabilities of £46,791 shortly after incorporation. Current liabilities are substantially higher than current assets, indicating potential liquidity challenges. The company is newly formed with limited operating history, increasing operational uncertainty.

2. Key Concerns:

• Negative net assets (£46,791) suggest the company is insolvent on a balance sheet basis.
• Current liabilities falling due after more than one year (£83,465) dwarf current assets (£13,596), highlighting potential cash flow stress.
• Very limited operational track record with average 1 employee and only one financial period filed, making sustainability assessment difficult.

3. Positive Indicators:

• The company has filed accounts and confirmation statements on time, indicating regulatory compliance.
• There is clear ownership and control structure, with a single individual and a holding company as PSCs, which may support governance clarity.
• Fixed asset base (£25,475) provides some tangible asset backing.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term liabilities (£83,465) to assess repayment risk and creditor relations.
• Review cash flow projections and business plan given the negative equity and working capital position.
• Assess relationship and financial support from controlling shareholder Ashcare Holdings Limited and director Paayal Ashok Patel.
• Confirm no pending regulatory or legal issues given the company’s infancy.
• Obtain more detailed operational and financial data to evaluate business model viability.