Company Number: 13440578

Analysis Date: 2025-07-20 16:27 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position as of the latest accounts date, indicating insolvency risk. The absence of current assets and the presence of current liabilities without offsetting cash or receivables suggests liquidity stress. The company is a micro entity with minimal financial substance and no employees, raising questions about operational viability.

2. Key Concerns:

• Negative net assets of £167 as of 30 June 2024, down from zero previously, signaling balance sheet weakness and potential inability to meet obligations.
• Zero current assets reported in the last two years, implying no cash, receivables, or other liquid resources to cover liabilities.
• No employees and minimal financial activity, which may reflect limited or no ongoing business operations, raising sustainability doubts.

3. Positive Indicators:

• Compliance with filing obligations is up to date with no overdue accounts or confirmation statements, indicating good regulatory adherence.
• Ownership and control are concentrated with a single active director and PSC (Mrs Udeme Ohia), potentially facilitating swift decision-making.
• The company is active and not in liquidation or administration.

4. Due Diligence Notes:

• Investigate the nature and timing of the current liabilities of £167 to understand if they are trade payables, accrued expenses or something else, and whether payment plans exist.
• Review cash flow statements or bank records (if available) to confirm liquidity position beyond the balance sheet snapshot.
• Assess the business model and revenue generation prospects, given no employees and minimal asset base.
• Confirm reasons for the director Mr Emmanuel Ohia’s recent resignation and any impact on governance or operations.
• Verify whether the company holds or controls any real estate assets as classified, which could affect valuation or liquidation prospects.