Company Number: 13869253

Analysis Date: 2025-07-20 13:29 UTC

1. Risk Rating: MEDIUM
   The company shows positive growth in net assets from £58 to £10,913 over two years, which is encouraging for a micro-entity. However, the significant long-term liabilities relative to total assets and limited liquidity pose moderate solvency and liquidity risks.

2. Key Concerns:

• High Long-Term Liabilities: Creditors falling due after more than one year total £364,626 as of 2024, which is substantial relative to net assets (£10,913), indicating a leveraged balance sheet.
• Current Liability Levels: Although net current assets improved to £58,016 in 2024, the prior years showed negative working capital, signaling past liquidity strain.
• No Employees or Operational Scale: The company reports no employees beyond directors, suggesting limited operational capacity and potential dependency on external contractors or minimal ongoing activities, which may affect sustainability.

3. Positive Indicators:

• Improvement in Net Assets: The net assets increased from a nominal £58 in 2022/2023 to £10,913 in 2024, indicating some retention of earnings or capital infusion.
• Timely Filing and Compliance: Accounts and confirmation statements are filed on time with no overdue filings, demonstrating regulatory compliance and good governance practices.
• Ownership Concentration with Active Directors: The major shareholder and director, Mrs. Ayesha Waheed Shah, shows active involvement, which may facilitate decisive management and oversight.

4. Due Diligence Notes:

• Examine Nature and Terms of Long-Term Creditors: Understand who the creditors are, the repayment terms, interest obligations, and any covenants that could impact financial stability.
• Assess Cash Flow and Profitability Trends: Since detailed profit and loss data is not provided, reviewing cash flow statements and revenue streams is critical to evaluate liquidity and operational sustainability.
• Evaluate Business Model and Market Position: Given the real estate agency and property trading SIC codes, confirm the company’s current activities, asset utilization, and strategy for generating income without employees.
• Director Background Checks: Confirm no adverse records or disqualifications for the directors to mitigate governance risk.