Company Number: 12649709

Analysis Date: 2025-07-20 15:39 UTC

1. Risk Rating: HIGH
   The company shows a complete erosion of net assets and current assets to zero in the most recent financial year, indicating serious solvency concerns. The absence of current assets means it likely lacks liquidity to meet short-term obligations.

2. Key Concerns:

• Zero Current Assets and Net Assets (2024): The latest accounts report zero current assets and net assets, a red flag for financial health and ability to operate.
• Declining Financial Position: Net assets have decreased steadily over the last four years from £6,191 (2022) to £0 (2024), evidencing ongoing losses or asset depletion.
• Minimal Share Capital and Staffing: Share capital of £1 and only one employee suggest a very small scale operation with limited financial buffer or operational capacity.

3. Positive Indicators:

• No Overdue Filings: The company’s accounts and confirmation statements are up to date with Companies House, indicating compliance with statutory requirements.
• Active Status and No Liquidation: The company is currently active and not undergoing any formal insolvency process.
• Single Controlling Shareholder: Ownership is concentrated (75-100% by Ms. Fatima Therese Agbayani), potentially facilitating decisive governance.

4. Due Diligence Notes:

• Investigate the cause of the complete depletion of assets in the latest year—whether due to trading losses, write-offs, or other impairment.
• Review cash flow statements and any off-balance sheet liabilities to assess liquidity beyond the balance sheet snapshot.
• Confirm ongoing business operations and revenue streams given the lack of assets and minimal staff.
• Clarify the relationship and financial transactions between the two directors and any related parties.
• Assess prospects for capital injection or restructuring given the weak financial position.