Company Number: 14152657

Analysis Date: 2025-07-29 15:03 UTC

1. Risk Rating: HIGH
   The company’s balance sheet shows significant net current liabilities (£15,728) and total net liabilities (£15,508) as of June 2024, indicating negative working capital and negative net assets. This raises serious solvency concerns.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company reports net liabilities which suggest it may not be able to meet short-term obligations from current assets.
• Rapid Increase in Current Liabilities: Current liabilities increased substantially from £5,401 in 2023 to £18,580 in 2024 without a corresponding increase in current assets, worsening liquidity.
• Small Scale and Limited Financial History: Being a micro-entity incorporated less than two years ago with minimal fixed assets and only two employees limits operational scale and resilience.

3. Positive Indicators:

• Timely Filing Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance so far.
• Active Website and Market Presence: The company maintains an active online presence relevant to its domiciliary care activities, suggesting ongoing operations.
• Stable Management and Ownership: The director and PSC structure is clear and stable, with no resignations or disqualifications impacting governance.

4. Due Diligence Notes:

• Investigate the nature and maturity of current liabilities to assess whether short-term cash flow pressures are manageable or critical.
• Request cash flow forecasts and management plans addressing the working capital deficit.
• Review any contingent liabilities or off-balance sheet obligations.
• Confirm operational contracts and revenue streams to evaluate sustainability given the reported losses.
• Assess related party transactions given the shared family control and director involvement.