Company Number: 12403972

Analysis Date: 2025-07-20 18:23 UTC

1. Risk Rating: HIGH
   The company exhibits a significant negative net asset position (-£11,120 as of 31 December 2023) and persistent net current liabilities, indicating solvency issues. Despite being active and compliant with filing deadlines, the financial position suggests the company is currently unable to cover its short-term obligations from available assets.

2. Key Concerns:

• Solvency and Liquidity: Net current liabilities of £11,120 and negative shareholders’ funds reflect ongoing financial distress and risk of default on short-term debts.
• Sustainability of Operations: Only one employee and minimal assets suggest limited operational scale and potential challenges in generating sufficient revenue or cash flow.
• Capital Structure: Share capital is nominal (£1), with no indication of additional equity injections or external financing to support the business, increasing financial vulnerability.

3. Positive Indicators:

• Regulatory Compliance: Up-to-date filings for accounts and confirmation statements with no overdue notices demonstrate compliance with statutory requirements.
• Ownership and Control: Single director and 75-100% control by Mr. Marius Vilimas simplifies governance and decision-making processes.
• Active Web Presence: An operational website with contact details suggests ongoing business activity and engagement with customers.

4. Due Diligence Notes:

• Investigate the company’s cash flow and profitability trends beyond balance sheet snapshots to assess operational viability.
• Review any informal financing arrangements, director loans, or guarantees to understand hidden liabilities or support mechanisms.
• Clarify the nature of current liabilities and terms with creditors to gauge short-term pressure and risk of insolvency proceedings.
• Confirm the business model and revenue streams given the minimal staffing and assets reported.
• Assess the director’s plans or any restructuring efforts to improve financial health.