Company Number: 14357737

Analysis Date: 2025-07-29 17:15 UTC

1. Risk Rating: HIGH
   Justification: The company shows negative net current assets and shareholders’ funds in the latest financial year, indicating potential solvency issues. The absence of employees and minimal share capital further underscore operational and financial fragility.

2. Key Concerns:

• Solvency Risk: The company’s net current liabilities of £2,757 at 30 September 2024 and negative shareholders’ funds suggest it may struggle to meet short-term obligations.
• Operational Viability: No employees and very limited share capital (£99) raise questions about the company’s ability to sustain operations or generate revenue.
• Financial Track Record and Growth: Over the two prior years, net current assets were marginally positive (£2), but this has deteriorated, indicating weakening financial health rather than growth or stability.

3. Positive Indicators:

• Compliance: The company is up to date with its filing obligations, with no overdue accounts or confirmation statements.
• Clear Ownership Structure: Four individuals hold significant control with balanced shareholding and voting rights, which may facilitate stable governance.
• Micro Entity Filing: The company benefits from simplified reporting requirements, reducing administrative burden.

4. Due Diligence Notes:

• Investigate the nature of current liabilities and whether they are trade payables, loans, or accruals, to assess urgency and risk of default.
• Review cash flow statements or bank data (if available) to understand liquidity dynamics beyond the balance sheet snapshot.
• Assess the company’s business plan or revenue-generating activities given the lack of employees and minimal capital.
• Verify whether the company has any contingent liabilities or off-balance sheet commitments.
• Clarify the role and involvement of directors and significant controllers in ongoing operations and financial support.