Company Number: NI697049

Analysis Date: 2025-07-29 16:18 UTC

1. Risk Rating: HIGH
   The company shows significant solvency issues as evidenced by negative net assets of £3,820 and net current liabilities of £5,481 at the year ending May 2024. This is a strong indicator that BINNACLE HR LIMITED is unable to meet its short-term financial obligations without additional capital or funding.

2. Key Concerns:

• Negative Net Assets and Working Capital: The balance sheet reveals liabilities exceeding assets by a material margin, which is a critical red flag for solvency and financial stability.
• Zero Employees and Minimal Current Assets: The lack of employees and only nominal current assets (£130) raise questions about operational activity and revenue generation capability.
• Recent Incorporation with Limited Financial History: Incorporated in May 2023, the company has a very short trading history, limiting the ability to assess financial performance trends or operational sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed accounts and confirmation statements on time, indicating regulatory compliance and good governance in this respect.
• Active Website and Contact Information: Presence of an active website and published contact number suggests an operational business intent.
• Single Controlling Director with Clear Ownership: The sole director and 100% shareholder status provide straightforward governance and decision-making structures.

4. Due Diligence Notes:

• Investigate Funding Sources and Cash Flow Plans: Clarify how the company intends to resolve the current negative working capital and fund ongoing operations.
• Review Contracts or Client Pipeline: Determine whether BINNACLE HR LIMITED has secured clients or contracts that could generate revenue and improve financial position.
• Assess Director’s Financial Support or Guarantees: Given the negative equity, ascertain if the director plans to inject further capital or provide personal guarantees to support the company.