Company Number: 13123368

Analysis Date: 2025-07-20 12:13 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (£1,861 deficit) as of 31 March 2025, with long-term liabilities exceeding total assets. This indicates potential solvency concerns. The sharp reduction in current assets and working capital between 2024 and 2025 raises liquidity red flags.

2. Key Concerns:

• Solvency Risk: Total net liabilities of £1,861 as of 2025, worsening from a positive net asset position previously, suggests the company may struggle to meet long-term obligations.
• Liquidity Concerns: Current assets dropped from £121,019 in 2024 to £18,087 in 2025 while current liabilities remained high, indicating strained short-term liquidity and working capital issues.
• Operational Sustainability: The company reports zero employees and minimal share capital (£1), which may reflect limited operational scale or undercapitalization.

3. Positive Indicators:

• Compliance: Accounts and confirmation statements are filed on time, showing good regulatory compliance.
• Fixed Assets Growth: Increase in fixed assets from £233,348 in 2024 to £344,265 in 2025 may indicate investment in operational capacity or property holdings aligned with its real estate activities.
• Active Website and Contact Info: The company maintains an active web presence and provides contact details, supporting transparency and business continuity.

4. Due Diligence Notes:

• Investigate the nature and terms of the £361k long-term liabilities to assess repayment risk and covenants.
• Clarify the drop in current assets and net current assets from 2024 to 2025, including cash flow drivers and creditor arrangements.
• Review management plans for addressing negative net assets and liquidity challenges, including funding strategies or asset disposals.
• Verify the operational model given zero reported employees and minimal share capital; understand if subcontractors or third parties are engaged.
• Confirm absence of director disqualifications or governance issues through Companies House director conduct records.