Company Number: 13775798

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

1. Risk Rating: HIGH
   The company's financials indicate a precarious position with net assets listed as negative £102 in 2023, despite reporting current assets of £98. The presence of creditors falling due after more than one year amounting to £300 creates a solvency concern given the company's minimal assets and lack of employees.

2. Key Concerns:

• Negative net assets (£-102) as of 31 December 2023, indicating potential insolvency risk.
• Creditors over £300 due after one year which outweighs current assets, raising questions about long-term debt servicing capability.
• No employees and minimal current assets (£98) suggesting a lack of operational activity or revenue generation.

3. Positive Indicators:

• Company is up to date with filing obligations for accounts and confirmation statements, reflecting regulatory compliance.
• Active status since incorporation in December 2021, showing ongoing registration and no signs of distress filings such as liquidation or administration.
• Sole significant controller with full ownership and voting rights, providing clear governance structure.

4. Due Diligence Notes:

• Clarify the nature and terms of the £300 creditors due after one year to understand repayment obligations and potential restructuring plans.
• Investigate the company's revenue streams, business model, and operational activities given zero employees and minimal assets.
• Review director disclosures and any related party transactions or loans that might impact financial stability.
• Confirm whether the negative net asset position is due to accounting treatment or actual financial distress.
• Assess cash flow statements or management accounts, if available, to evaluate liquidity beyond balance sheet snapshots.