Company Number: 13874144

Analysis Date: 2025-07-29 14:37 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities increasing to nearly -£383k as of the latest accounts. Current liabilities exceed current assets by a very large margin, indicating poor liquidity and potential difficulties meeting short-term obligations.

2. Key Concerns:

• Negative net assets and shareholder funds indicate the company is insolvent on a balance sheet basis, which raises serious solvency risk.
• Extremely large current liabilities (£14.0m) compared to very limited current assets (£130k) suggest liquidity problems and possible cash flow constraints.
• No employees and minimal current assets raise questions about operational activity and sustainability of business without fresh capital or revenue generation.

3. Positive Indicators:

• The company has substantial fixed assets (£13.5m), which may provide some collateral value or potential for restructuring.
• Timely filing of accounts and confirmation statements indicates compliance with statutory requirements so far.
• Control is centralized under a single director and PSC, potentially allowing swift decision-making regarding company operations or restructuring.

4. Due Diligence Notes:

• Investigate the nature and valuation of fixed assets to determine realizable value in case of distress or need for capital infusion.
• Review creditor composition and any repayment terms or covenants that might affect short-term liquidity or trigger default.
• Obtain insight into the company’s business model and revenue streams, given the absence of employees and minimal current assets, to assess operational viability and future prospects.