Company Number: 15401086

Analysis Date: 2025-07-19 12:53 UTC

1. Risk Rating: HIGH
   Justification: The company has net current liabilities (£675 negative), net liabilities overall (£675 negative), and negative shareholders’ funds (£775 negative) just one year after incorporation. This indicates immediate solvency challenges and insufficient working capital to meet short-term obligations.

2. Key Concerns:

• Negative net current assets and net liabilities suggest the company is not currently solvent and may struggle to pay creditors as they fall due.
• No employees reported and minimal cash (£1,037) limits operational capability and flexibility.
• The company is very new (incorporated January 2024) with only one set of accounts filed, providing minimal financial history and limited evidence of a sustainable business model.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating regulatory adherence so far.
• Directors have substantial control and are identified, providing clear management accountability.
• Operating in a defined niche (furnace and chimney cleaning services) which may have steady demand, though operational evidence is limited.

4. Due Diligence Notes:

• Investigate the nature of the creditors (£1,712) and whether these are trade creditors, loans, or related party debt. Confirm repayment terms and any potential restructuring.
• Review directors’ plans or cash flow forecasts to address current liabilities and improve liquidity.
• Ascertain turnover and revenue recognition details since turnover figures are not disclosed, to evaluate operational sustainability.
• Verify any unfiled profit and loss accounts or additional financial information that could illuminate trading performance.
• Confirm absence of director disqualifications or compliance issues beyond Companies House filings.