Company Number: 13105915

Analysis Date: 2025-07-19 12:33 UTC

1. Risk Rating: HIGH
   Justification: The company has reported net liabilities consistently over recent years, with net current liabilities and negative shareholders’ funds indicating solvency concerns. The limited share capital and reliance on short-term debtors to cover creditors suggest liquidity risk.

2. Key Concerns:

• Persistent Negative Net Assets: The company shows net liabilities of approximately £2,157 as of 2023, worsening from previous years, indicating ongoing erosion of equity.
• Liquidity Pressure: Current liabilities exceed current assets each year, albeit by a small margin, suggesting potential cash flow constraints to meet short-term obligations.
• Limited Financial Transparency: Accounts are unaudited, and only total exemption full accounts filed, which limits external assurance on financial accuracy.

3. Positive Indicators:

• Timely Filing Compliance: No overdue accounts or confirmation statements indicate good regulatory compliance and governance in filings.
• Active Website and Contact Information: Presence of an active website and clear contact details may reflect operational intent and accessibility.
• Stable Management: Despite some director changes, a current director with property investment experience maintains control, suggesting continuity.

4. Due Diligence Notes:

• Investigate the nature and collectability of debtors (£127,403) to assess liquidity quality and risk of impairment.
• Clarify the composition of current liabilities (£129,560), especially "other creditors," to understand repayment terms and potential creditor pressure.
• Review any related party transactions or off-balance-sheet liabilities that may not be reflected in financial statements.
• Assess business model sustainability given negative equity and whether capital injections or restructuring plans exist.
• Confirm if there are any contingent liabilities or ongoing disputes that may impact financial stability.
• Analyze cash flow statements, if available, to better understand operational cash generation and funding sources.