Company Number: 12757629

Analysis Date: 2025-07-29 18:39 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and net current liabilities, with zero cash at the latest financial year-end, indicating solvency and liquidity challenges.

2. Key Concerns:

• Negative Shareholders’ Funds: The company has deteriorated from positive equity at incorporation to a deficit of £2,487 as of 2024, signaling accumulated losses or liabilities exceeding assets.
• Liquidity Shortfall: Cash reserves have depleted to zero despite outstanding current liabilities of £2,485, suggesting potential difficulties in meeting short-term obligations.
• Operational Viability: The company operates with only one employee/director, and tangible fixed assets were fully disposed of by 2024, possibly indicating limited operational capacity or business contraction.

3. Positive Indicators:

• Compliance: All statutory filings, including annual accounts and confirmation statements, are up to date and not overdue, showing regulatory compliance and governance awareness.
• Active Status: The company remains active with no indication of insolvency proceedings, suggesting ongoing business activity despite financial strain.
• Niche Industry: Operating in specialised design activities (SIC 74100) may offer potential for value-added services or market differentiation.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities causing current liabilities to rise and the absence of cash at year-end.
• Assess the company’s revenue generation, profitability trends, and future cash flow projections since turnover and profit/loss details are not provided in the accounts document.
• Clarify the business model and operational structure given the disposal of all tangible assets and the minimal workforce, to evaluate sustainability.