Company Number: 13815447

Analysis Date: 2025-07-29 15:05 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, reflected by persistent negative net assets and working capital deficits since incorporation.

2. Key Concerns:

• Severe Negative Net Assets: The company’s net liabilities have increased from -£9,259 in 2021 to -£14,886 in 2023, indicating ongoing erosion of equity and potential insolvency risk.
• Negative Working Capital: Current liabilities exceed current assets by a large margin (£15,030 liabilities vs. £144 assets in 2023), suggesting difficulties in meeting short-term obligations.
• No Employees and Micro Category: The absence of employees and classification as a micro-entity limits operational scale and may reflect minimal business activity or reliance on owner-directors, raising sustainability questions.

3. Positive Indicators:

• Active Status and Timely Filings: The company remains active with no overdue accounts or confirmation statements, demonstrating compliance with statutory filing requirements.
• Clear Ownership and Governance: Directors and persons of significant control are identified without records of disqualifications or resignations since 2022, suggesting stable governance at board level.
• Established Online Presence: The company maintains an active website with contact details, supporting legitimacy and efforts towards marketing and customer engagement.

4. Due Diligence Notes:

• Investigate Financial Sustainability: Assess underlying business model viability given ongoing losses and negative equity—request management accounts and cash flow forecasts.
• Clarify Debt Composition and Terms: Understand nature of current liabilities, repayment schedules, and any related party transactions to evaluate solvency risk.
• Evaluate Operational Activities: Confirm extent and scope of trade given zero employees and limited assets; verify revenue streams and customer base via bank statements or sales records.
• Examine Director Involvement and Support: Determine if directors provide financial support or guarantees and their future plans for remediation or restructuring.
• Review Market and Competitive Position: Contextualize the company’s performance within the "Other human health activities" sector to gauge external risks or opportunities.