Company Number: 13659601

Analysis Date: 2025-07-29 14:33 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and net current liabilities as of the latest accounts, indicating solvency issues and potential liquidity distress.

2. Key Concerns:

• Solvency Risk: Net liabilities stand at £24,091 as of 2023, worsening from a negative net asset position of £8,853 in 2022. This indicates the company’s liabilities exceed its assets by a substantial margin.
• Liquidity Concerns: Negative current assets (£-10,257) combined with current liabilities of £12,167 reflect a working capital deficit of £-22,424, raising concerns about its short-term ability to meet obligations as they fall due.
• Operational Sustainability: The company has only one employee and minimal fixed assets. The ongoing losses reflected in the accounts may indicate operational challenges in generating sustainable revenue or controlling costs.

3. Positive Indicators:

• Compliance: The company is up to date with its statutory filings, including accounts and confirmation statements, with no overdue filings reported.
• Stable Control: Ownership and management are consolidated under a single director and controlling shareholder, which can facilitate decisive governance and swift decision making.
• Active Trading Status: The company remains active and is not in liquidation or administration, suggesting ongoing business operations.

4. Due Diligence Notes:

• Investigate the cause of the deteriorating financial position and absence of profit and loss information; request management accounts or cash flow projections.
• Assess the company’s revenue streams, client base, and contracts to understand operational viability.
• Clarify any off-balance sheet liabilities or contingent risks not reflected in the micro-entity accounts.
• Review director’s plans for addressing the working capital deficit and restoring solvency.
• Confirm there are no director disqualifications or regulatory compliance issues beyond filings.