Company Number: 14501789

Analysis Date: 2025-07-29 13:03 UTC

1. Risk Rating: HIGH
   Justification: The company shows a negative net asset position (£-14,518) with current liabilities exceeding current assets by a large margin, indicating immediate solvency and liquidity concerns. The negative working capital and net liabilities at such an early stage of incorporation suggest financial instability.

2. Key Concerns:

• Negative Net Assets: The company’s total liabilities exceed total assets, raising serious questions about its ability to meet creditor obligations.
• Liquidity Deficit: Current liabilities (£210,770) vastly exceed current assets (£552), implying cash flow difficulties and potential inability to cover short-term debts.
• No Operating Income or Employees: The accounts show zero employees and minimal current assets, indicating limited business activity and uncertain operational sustainability.

3. Positive Indicators:

• Compliance: Accounts and confirmation statement filings are up to date with no overdue filings noted.
• Experienced Control: Directors and persons with significant control are identified and have stable professional backgrounds.
• Asset Base: Fixed assets of £195,700 may provide some collateral or value to support operations or creditor negotiations.

4. Due Diligence Notes:

• Investigate nature and valuation of fixed assets to confirm realizable value in liquidation or continued business.
• Review underlying reasons for high current liabilities and the company’s plan to address this deficit.
• Assess business model viability and cash flow projections given no employees and minimal current assets reported.
• Verify director resignations and governance changes, particularly the departure of one director in June 2024.
• Confirm no undisclosed contingent liabilities or related party transactions affecting financial health.