Company Number: 15238406

Analysis Date: 2025-07-20 17:06 UTC

1. Risk Rating: HIGH
   The company exhibits negative net current assets and negative shareholder funds shortly after incorporation, indicating potential solvency concerns. The significant amount owed to a related party further accentuates financial risk.

2. Key Concerns:

• Negative Net Current Assets and Shareholders’ Funds: The balance sheet shows net current liabilities of £260 and negative equity of £360, despite being a very young company, which implies potential funding or operational challenges.
• Large Related Party Debt: Debtors of £1.91 million are owed by a group undertaking, matched by almost equal creditors owed to related companies, suggesting reliance on intra-group financing which may not be sustainable.
• Lack of Operational Activity and Employees: No employees reported and limited operational data provided, raising questions about the company’s business model viability and cash flow generation.

3. Positive Indicators:

• Timely Filing and Compliance: The company is active, up to date with filings, and not in liquidation or any insolvency process, reflecting basic regulatory compliance.
• Clear Ownership and Control: Directors and PSCs are clearly identified with no apparent disqualifications or governance issues.
• Industry Focus: The company operates in real estate management, a sector with potential for steady fee income, which if realized, could improve financial stability.

4. Due Diligence Notes:

• Investigate the nature and terms of the related party transactions and whether these debts are recoverable or represent funding obligations.
• Assess the business plan and cash flow forecasts to determine how the company intends to remedy the current negative net asset position.
• Clarify operational status and revenue generation since incorporation, including any contracts or agreements supporting sustainability.
• Review any contingent liabilities or off-balance sheet commitments that may impact solvency.