Company Number: 14468498

Analysis Date: 2025-07-20 13:29 UTC

1. Risk Rating: HIGH
   The company shows significant solvency concerns evidenced by negative net assets (£-13,868) and a large excess of current liabilities (£348,995) over current assets (£10,144). The absence of operating employees and reliance on investment property assets with no clear income generation further elevate operational and liquidity risk.

2. Key Concerns:

• Negative Net Equity Position: The company’s net liabilities position indicates it owes more than it owns, raising serious questions about its ability to meet obligations.
• Current Liabilities Exceed Current Assets Substantially: A deficit of £338,851 in net current assets suggests acute liquidity risk and potential cash flow difficulties.
• No Operating Employees and Limited Activity: With zero employees and no P&L information filed, it is unclear if the company has any operational income, putting sustainability in doubt.

3. Positive Indicators:

• Tangible Fixed Assets in Investment Property: The company holds investment properties valued at £324,983, which could provide collateral or future income.
• No Overdue Filings: Accounts and confirmation statements are up to date, indicating compliance with regulatory filing requirements.
• Single Majority Controlling Entity: Ownership and control by St David Development Ltd (75-100%) potentially provide financial backing or strategic support.

4. Due Diligence Notes:

• Verify the nature of the current liabilities (£348,995) to understand if these are short-term debts requiring immediate payment or related party balances.
• Investigate the company’s income streams, cash flow forecasts, and plans to address the negative equity and liquidity shortfall.
• Clarify the relationship with St David Development Ltd and any financial support arrangements.
• Confirm the valuation methodology and marketability of the investment properties.
• Ascertain if there are any contingent liabilities or related party transactions not disclosed.