Company Number: 14673828

Analysis Date: 2025-07-29 14:44 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position, significant current and long-term liabilities exceeding current assets, and no employees, indicating financial distress and potential solvency risk.

2. Key Concerns:

• Negative Shareholders' Funds: The company’s net liabilities of £24,092 as at 28 February 2025 suggest insolvency on a balance sheet basis.
• Working Capital Deficit: Current liabilities of £806,100 dwarf current assets of £27,658, resulting in a substantial net current liability of nearly half a million pounds, indicating potential liquidity issues.
• Lack of Operational Activity: The company reports zero employees and minimal current assets aside from fixed assets, raising questions about operational sustainability and cash flow generation.

3. Positive Indicators:

• Substantial Fixed Assets: The company holds fixed assets valued at £1,274,552, which could represent real estate assets that may provide underlying value or collateral.
• Compliance with Filings: The company is current with its accounts and confirmation statement filing deadlines, indicating regulatory compliance and governance attention.
• Experienced Director Presence: Directors have been appointed recently and appear to have control and oversight, which may contribute positively to future management.

4. Due Diligence Notes:

• Investigate the nature and liquidity of the fixed assets, including whether they are pledged as security for liabilities or can be monetized to improve liquidity.
• Review the terms and conditions of the significant current and long-term liabilities to understand repayment obligations and potential restructuring risks.
• Assess the company’s business model and revenue streams since no income statement was filed and there are no employees, to evaluate operational viability going forward.
• Confirm absence of director disqualifications or adverse regulatory events given the company’s financial condition.
• Verify the relationship and transactions with related parties, especially given the significant liabilities and equity deficit.