Company Number: 13524742

Analysis Date: 2025-07-20 14:28 UTC

1. Risk Rating: MEDIUM
   The company shows ongoing negative net assets and shareholders’ funds, indicating accumulated losses, which signals some solvency concerns. However, it maintains positive net current assets and is not overdue on filings, reducing immediate liquidity and compliance risks.

2. Key Concerns:

• Persistent negative equity: Net assets and shareholders funds remain negative (£-13,721) as of latest accounts, which may undermine solvency over time if losses continue.
• Significant current liabilities relative to debtors: Current liabilities (£139,291) slightly exceed short-term receivables (£126,000), potentially pressuring working capital if cash conversion lags.
• Lack of profit and loss disclosure: Omission of profit and loss account limits ability to assess operational profitability or cash flow trends, reducing transparency.

3. Positive Indicators:

• Current with statutory filings: No overdue accounts or confirmation statements, indicating compliance and good governance.
• Directors express going concern basis: Directors have stated reasonable expectation of continued operations, suggesting awareness and oversight of financial position.
• Stable management team: Four directors with relevant professional backgrounds and no indications of disqualifications or governance issues.

4. Due Diligence Notes:

• Investigate the nature and cause of accumulated losses and negative reserves to understand sustainability of business model.
• Examine cash flow statements or bank balances (not provided) to assess liquidity beyond balance sheet figures.
• Review detailed operational performance metrics or contracts if available, given absence of P&L in accounts.
• Confirm the classification and terms of current liabilities, especially any related party loans or contingent obligations.
• Verify the role and financial dependency on related entities, particularly given the SIC code for holding company activities.