Company Number: 12658580

Analysis Date: 2025-07-29 18:27 UTC

1. Risk Rating: HIGH

The company exhibits significant solvency and liquidity concerns evidenced by persistent negative net assets and net liabilities, which pose a substantial risk to its ability to meet financial obligations.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities increased from -£63 in 2023 to -£213 in 2024, indicating deteriorating financial health and eroded equity.
• Liquidity Constraints: Cash balances remain minimal (£485 in 2024), while current liabilities exceed cash, leading to negative working capital (-£63 in 2024 and worsening compared to prior year).
• Lack of Revenue Disclosure: Absence of profit and loss details restricts assessment of operational performance and sustainability; reliance on external funding or equity injections may be necessary to continue operations.

3. Positive Indicators:

• Compliance with Filing Deadlines: Both accounts and confirmation statements are filed on time with no overdue filings, reflecting good regulatory compliance.
• Company Status Active & No Liquidation: The company remains active and is not undergoing liquidation or administration, suggesting ongoing operations.
• Director Stability: Single director who is also a major shareholder, potentially enabling swift decision-making and control.

4. Due Diligence Notes:

• Request detailed Profit and Loss accounts to evaluate revenue generation, cost structure, and profitability trends.
• Investigate the nature and terms of current liabilities to understand maturity profiles and creditor relationships.
• Assess cash flow projections and any plans for capital injection or debt restructuring to address negative equity and liquidity issues.
• Confirm whether the company holds any significant real estate assets valued off-balance sheet or subject to revaluation, given the industry classification.
• Review any related party transactions or director loans that may impact financial stability.
• Evaluate the implications of recent name changes for changes in business model or ownership structure.