Company Number: 14761562

Analysis Date: 2025-07-19 12:13 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with negative net assets and working capital deficits over the last three reported years. The financial position shows continuing losses or undercapitalization with net liabilities exceeding £4,900 as at the most recent accounts date. This raises material doubts about the company’s ability to meet obligations as they fall due.

2. Key Concerns:

• Persistent Negative Net Assets: Net assets stand at -£4,981 and have remained negative since incorporation, indicating cumulative losses or insufficient capital injection.
• Negative Net Current Assets: Current liabilities exceed current assets by £6,705, signaling liquidity difficulties and potential cash flow problems.
• Lack of Revenue or Operational Scale: The company is categorized as micro, with negligible current assets (£7) and only one employee, suggesting minimal trading activity or revenue generation to support operations.

3. Positive Indicators:

• Compliance with Filing Requirements: The company’s accounts and confirmation statement are filed on time and are up to date, indicating adherence to regulatory reporting obligations.
• Single Director Control: Clear control by one director and 100% shareholder may facilitate swift decision-making.
• No Off-Balance Sheet Liabilities: The accounts disclose no off-balance sheet commitments, reducing hidden risk exposures.

4. Due Diligence Notes:

• Investigate Nature and Source of Current Liabilities: Clarify what comprises the £6,712 current liabilities and whether these are trade payables, loans, or other obligations.
• Understand Business Model and Revenue Streams: Confirm whether the company is operationally active in construction or property management given the SIC codes, and assess any contracts or pipeline.
• Assess Director’s Plans for Financial Recovery: Seek details from management on how the company intends to address the accumulated losses and improve liquidity.