Company Number: 13267717

Analysis Date: 2025-07-20 18:15 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and net liabilities exceeding £16,000 as of the last filing. Current liabilities vastly exceed current assets, indicating potential difficulties meeting short-term obligations. The absence of employees and minimal current assets raise concerns about operational sustainability.

2. Key Concerns:

• Solvency Risk: The company’s net liabilities position (negative shareholders’ funds) has worsened slightly over the years, indicating ongoing financial distress and potential insolvency risk.
• Liquidity Shortfall: With current liabilities around £294k and current assets just over £1k, working capital is severely negative, suggesting inability to cover short-term debts as they fall due.
• Operational Viability: No employees and minimal current assets imply limited business activity or revenue generation, questioning the company’s ability to sustain operations or generate cash flow.

3. Positive Indicators:

• Stable Fixed Assets: The company holds significant fixed assets (~£277k) mostly unchanged over 5 years, which could represent valuable property or long-term investments.
• No Overdue Filings: The company is compliant with statutory filing deadlines for accounts and confirmation statements, indicating good governance on regulatory compliance.
• Single Experienced Director: The director is an accountant by profession, potentially providing a degree of financial oversight and management expertise.

4. Due Diligence Notes:

• Investigate the nature and market value of fixed assets to assess if they can be leveraged or sold to improve liquidity.
• Review creditor relationships and terms of current liabilities to understand repayment schedules and any risk of enforcement action.
• Confirm the company’s revenue streams, business model viability, and any plans to return to profitability or restructure debts.
• Assess director’s intentions and financial support capacity given sole control and negative equity position.
• Clarify the absence of a profit and loss account filing and consider requesting management accounts or cash flow forecasts.