Company Number: 13874263

Analysis Date: 2025-07-29 15:03 UTC

1. Risk Rating: HIGH

The company exhibits significant solvency and liquidity risks as of the most recent financial year ending 31 March 2024. Negative net current assets and shareholders' funds indicate an inability to cover short-term liabilities with available assets.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company reported net current liabilities of £346 and net assets of negative £346 at 31 March 2024, a deterioration from positive net assets and working capital in previous years, suggesting worsening financial health.
• No Employees and Limited Operational Scale: The company operates with zero employees, which may indicate minimal or no active business operations, raising sustainability and revenue generation concerns.
• Recent Establishment and Limited Financial History: Incorporated in January 2022 with only two full years of accounts, there is insufficient operating history to assess long-term stability, and the recent decline in financial position is a red flag.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, indicating good regulatory compliance.
• No Overdue Filings or Warnings: No overdue accounts or confirmation statements reduce concerns about governance or management neglect.
• Clear Ownership and Management: The directors and persons with significant control are clearly identified, all UK residents with no apparent disqualifications or adverse records.

4. Due Diligence Notes:

• Investigate the cause of the deterioration in net assets and working capital between 2023 and 2024. Review cash flow statements if available and understand any liabilities or obligations arising.
• Clarify the business model and revenue streams, given the lack of employees and negative net assets, to assess operational viability.
• Assess the adequacy of capital injections or funding plans to restore solvency and support ongoing operations.
• Review any related party transactions or contingent liabilities not apparent in the micro-entity accounts.