Company Number: 15199861

Analysis Date: 2025-07-29 20:25 UTC

1. Risk Rating: HIGH
   The company shows negative net assets and net current liabilities within its first financial period, indicating potential solvency and liquidity issues. The limited operating history and micro-entity scale contribute to the elevated risk profile.

2. Key Concerns:

• Negative Net Assets: The balance sheet reflects net liabilities of £615, indicating the company’s liabilities exceed its assets.
• Insufficient Working Capital: Net current assets are negative at £-2,460, suggesting potential challenges in meeting short-term obligations.
• Early Stage Financials: Incorporated only in October 2023, the company lacks an operating track record, increasing uncertainty around future operational stability and cash flow generation.

3. Positive Indicators:

• Compliance: All filings (accounts and confirmation statements) are up to date with no overdue returns or accounts, indicating good regulatory compliance for a new company.
• Sole Control by Director: The sole director, Mr. Christopher Shone, holds 75-100% ownership and control, which can facilitate swift decision-making and strategic direction.
• Small Scale Operation: The company qualifies under micro-entity provisions, reducing administrative burdens and potential complexity.

4. Due Diligence Notes:

• Review the company’s business plan and cash flow forecasts to assess how it intends to address the negative net assets and improve liquidity.
• Investigate the nature and timing of current liabilities to understand any immediate payment pressures.
• Clarify the source of funding (e.g., director loans, external investment) supporting the company’s operations to date.
• Monitor subsequent filings for improvements in financial position and operating performance.
• Confirm the director’s background and capacity to manage turnaround or growth given sole control.