Company Number: 14615628

Analysis Date: 2025-07-29 18:57 UTC

1. Risk Rating: HIGH
   The company exhibits signs of financial distress with negative net assets and net current assets, indicating potential insolvency risks shortly after incorporation.

2. Key Concerns:

• Negative Net Assets: The company reported net assets of -£1,919 and total assets less current liabilities of -£569 as of 31 January 2024, indicating liabilities exceed assets.
• Negative Working Capital: Current liabilities (£6,939) exceed current assets (£3,050) by £3,889, suggesting liquidity challenges in meeting short-term obligations.
• No Employees Reported: The accounts state zero employees on average, which may imply limited operational activity or reliance on directors without external workforce, impacting operational scalability and sustainability.

3. Positive Indicators:

• Compliance with Filing: The company is current with its annual accounts and confirmation statement filings, showing regulatory compliance to date.
• Directors and PSCs: Two directors with significant share ownership (each 25-50%) demonstrate clear control and responsibility at the management level.
• Recent Incorporation: Being incorporated in January 2023 with a first year’s accounts filed timely may indicate initial setup phase, with potential for financial improvement as the business develops.

4. Due Diligence Notes:

• Investigate the nature and timing of the liabilities causing negative net assets and whether these are short-term start-up costs or ongoing obligations.
• Review cash flow statements and management forecasts to assess liquidity and ability to meet obligations going forward.
• Clarify operational model given the absence of employees and assess whether key activities are outsourced or dependent solely on directors.
• Confirm absence of any director disqualifications or regulatory issues beyond the data provided.
• Assess market position and contracts secured in the landscape services sector to understand revenue generation capacity.