Company Number: 14935356

Analysis Date: 2025-07-29 16:03 UTC

1. Risk Rating: HIGH
   The company's financial position as of 31 March 2024 shows net liabilities (£42) and negative net current assets (-£44), indicating insolvency on a balance sheet basis. The company is newly incorporated (June 2023) with minimal assets and no employees, raising concerns about operational scale and financial sustainability.

2. Key Concerns:

• Negative Net Assets and Working Capital: The balance sheet reports net liabilities and a working capital deficit, suggesting the company may struggle to meet short-term obligations.
• No Operating History or Revenue Data: As a micro-entity incorporated less than a year ago, there is no evidence of trading activity or income generation, which limits confidence in future cash flow.
• Minimal Equity and Capital: Share capital is nominal (£2 called up but not paid), and shareholders’ funds are negative, implying limited financial buffer or capital injection.

3. Positive Indicators:

• Compliance with Filing Obligations: The company has filed its micro-entity accounts and confirmation statement on time, indicating regulatory compliance to date.
• Clear Ownership and Control Structure: Two directors and PSCs are identified with full control and UK residency, which may facilitate governance and decision-making.
• No Indications of Insolvency Proceedings: The company is active with no signs of liquidation or administration, which shows it is not currently under formal financial distress procedures.

4. Due Diligence Notes:

• Investigate sources and timing of funding, especially given the negative net assets and minimal paid-up capital.
• Confirm whether trading activities have commenced and review cash flow projections to assess liquidity risk.
• Assess directors’ plans for capital infusion or operational scaling to improve solvency and working capital positions.
• Review any intercompany transactions or liabilities not disclosed in the micro-entity accounts.
• Verify any contingent liabilities or commitments that may impact future financial stability.