Company Number: 14817892

Analysis Date: 2025-07-20 13:11 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position (£-3,759), a significant net current liability of £-41,680, and has total liabilities exceeding total assets. This indicates solvency concerns and potential financial distress at this early stage of operation.

2. Key Concerns:

• Negative Net Assets: The company’s liabilities exceed its assets, indicating it is technically insolvent on a balance sheet basis.
• Poor Working Capital: Current liabilities (£50,661) are substantially greater than current assets (£8,981), suggesting liquidity issues and potential difficulty meeting short-term obligations.
• Early Stage Operation: Incorporated in April 2023, the company has limited operating history and no employees, increasing uncertainty around operational stability and ongoing cash flow generation.

3. Positive Indicators:

• Sole Director and PSC is also the sole shareholder, which may allow for simplified decision-making and control.
• No overdue filings and accounts have been submitted on time, indicating regulatory compliance to date.
• The company holds fixed assets (£90,305), which may represent tangible value or investment in operational capacity.

4. Due Diligence Notes:

• Investigate the nature and terms of the £51,664 long-term liabilities to understand the repayment obligations and impact on cash flows.
• Clarify the company’s business plan and revenue model given the negative working capital and net liabilities so early in its life.
• Review any related party transactions or director loans that may affect the financial position.
• Assess the status of any property holdings or leases under SIC codes 68100 and 68209 for ongoing operational viability.
• Confirm absence of director disqualifications or adverse governance issues beyond what is publicly available.