Company Number: 13461990

Analysis Date: 2025-07-19 12:43 UTC

1. Risk Rating: HIGH
   The company shows significant negative net asset value (liabilities exceeding assets by £70,901 in 2024), indicating poor solvency. Current liabilities greatly exceed current assets, which signals immediate liquidity concerns.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows total net liabilities of £70,901 at 30 June 2024, worsening from £44,140 in 2023, suggesting the company is insolvent on a balance sheet basis.
• Liquidity Mismatch: Current liabilities (£83,049) far exceed current assets (£641), indicating the company likely cannot meet short-term obligations without additional financing.
• Lack of Employees and Operational Scale: The company reported zero employees, raising questions about its operational sustainability and whether it is actively trading or merely maintaining registration.

3. Positive Indicators:

• Timely Filings: Accounts and confirmation statements are up to date with no overdue filings, demonstrating compliance with regulatory requirements.
• Ownership Concentration: A single individual (Mr. Farid Altaf Abbasi) holds 75-100% ownership and control, which can facilitate decisive management actions if needed.
• No Long-term Liabilities: Absence of creditors due after more than one year reduces complexity in debt restructuring.

4. Due Diligence Notes:

• Investigate the nature of current liabilities: are these trade payables, loans, or director loans? Understanding their terms is critical for assessing repayment risk.
• Confirm operational activity given zero employees reported—determine if the business is dormant, outsourced, or under minimal operation.
• Review director and shareholder commitments to fund the company further or intentions regarding restructuring or winding up.
• Examine cash flow statements if available to assess actual liquidity and working capital management over the reporting period.