Company Number: 13454211

Analysis Date: 2025-07-20 14:01 UTC

1. Risk Rating: LOW to MEDIUM
   The company shows modest positive net current assets and shareholders' funds, with no overdue filings or liquidation status. However, very limited asset base and low cash balances relative to liabilities suggest some liquidity caution.

2. Key Concerns:

• Declining net current assets and shareholders’ funds over the last two years, indicating potential erosion of financial stability.
• Low absolute cash balance (£1,220) which may be vulnerable to unexpected expenses or delays in receivables collection.
• Small scale of operations (2 employees, low turnover implied by exemption from audit) may limit operational resilience and scalability.

3. Positive Indicators:

• No overdue accounts or confirmation statement filings, demonstrating regulatory compliance and good governance discipline.
• Positive net current assets and shareholders’ funds each year indicate the company can meet short-term obligations as at last reported date.
• Directors have been in place since incorporation with no noted disqualifications or governance red flags.

4. Due Diligence Notes:

• Obtain turnover and profitability details since not disclosed in accounts; assess revenue trends and margins.
• Review cash flow statements or bank statements to confirm liquidity beyond year-end snapshot.
• Investigate business model sustainability and growth prospects in sports and recreation education, including client base and contract terms.