Company Number: 14673600

Analysis Date: 2025-07-29 20:24 UTC

1. Risk Rating: HIGH
   The company shows a deteriorating financial position with net liabilities reported in the latest year, indicating solvency challenges. Current liabilities significantly exceed current assets, highlighting liquidity risks.

2. Key Concerns:

• Negative net current assets of £231,351 as of 28 February 2025, worsening from the previous year, signaling potential cash flow and short-term obligations issues.
• Net liabilities of £12,045 in the latest accounts suggest the company’s total liabilities exceed its total assets, raising concerns about its ability to meet long-term obligations.
• The company is newly incorporated (2023) with limited operational history and minimal financial data, increasing uncertainty over operational stability and business sustainability.

3. Positive Indicators:

• The company holds fixed assets valued at £219,206, which may provide some collateral or value to support financing or restructuring efforts.
• Directors have filed accounts and confirmation statements on time, demonstrating compliance with statutory filing requirements to date.
• The company is small (Micro-entity) with only two employees, potentially allowing for lower operating costs and flexibility.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities totaling approximately £238k to assess if these are short-term borrowings, trade creditors, or other obligations.
• Review cash flow statements and bank statements (not provided) to evaluate liquidity management and sources of funding.
• Understand the business model and revenue generation plans given the negative working capital and continuous losses.
• Assess directors' plans for financial recovery or capital injection given the negative equity position.
• Confirm there are no director disqualifications or regulatory compliance issues beyond filings, as none are noted here.