Company Number: 15472494

Analysis Date: 2025-07-29 17:26 UTC

1. Risk Rating: MEDIUM
   While ATHENA B LTD is a newly incorporated micro-entity with modest net assets, its current liabilities exceed current assets by a significant margin, indicating liquidity pressure. The presence of long-term creditors also suggests some financial leverage that warrants monitoring.

2. Key Concerns:

• Negative net current assets (£-29,928) highlight potential short-term liquidity issues, raising questions about the company’s ability to meet immediate obligations.
• The company carries creditors falling due after one year of £45,000, which is sizable relative to its net assets of £7,039, indicating financial obligations that may strain capital resources.
• Limited operating history (incorporated less than one year ago) means no track record to assess operational stability or revenue generation capability.

3. Positive Indicators:

• The company has complied with all filing deadlines to date, showing good regulatory compliance and governance practices.
• Directors have acknowledged responsibility for accounts preparation and the company benefits from exemption from audit under micro-entity provisions, which is consistent with its size.
• The business employs 8 people, suggesting some operational activity and potential for growth beyond mere shell status.

4. Due Diligence Notes:

• Investigate the nature and terms of the £45,000 long-term creditors to assess repayment risk and impact on solvency.
• Obtain cash flow projections and business plans to verify how the company intends to address negative working capital and sustain operations.
• Review director backgrounds and related party transactions given all three directors are also significant shareholders and share voting/control rights, to confirm independence and governance quality.
• Seek confirmation of revenue streams and profitability trends beyond the balance sheet to better understand operational sustainability.