Company Number: 13052179

Analysis Date: 2025-07-20 12:53 UTC

1. Risk Rating: MEDIUM
   The company shows positive net current assets and positive shareholders' funds, indicating solvency at the balance sheet date. However, the significant increase in current liabilities from £1,582 in 2022 to £78,856 in 2023, mostly trade creditors and tax liabilities, is a liquidity concern that warrants caution.

2. Key Concerns:

• Sharp increase in current liabilities (especially trade creditors and tax liabilities) in the latest year, potentially stressing cash flow.
• No reported turnover or profit figures (due to small company exemption), limiting assessment of operational performance and sustainability.
• Absence of employees suggests limited operational scale or possible reliance on contractors, which may impact business continuity.

3. Positive Indicators:

• The company holds cash of £98,064 as at 30 November 2023, exceeding current liabilities, indicating ability to meet short-term obligations.
• Shareholders’ funds have increased from £5,005 in 2022 to £19,208 in 2023, reflecting retained earnings growth.
• Accounts and confirmation statements are filed on time, reflecting regulatory compliance and good governance in filings.
• Directors are current with no disqualification records reported.

4. Due Diligence Notes:

• Investigate the nature and timing of the large trade creditors and tax liabilities to assess if these are due to normal business growth, delayed payments, or potential disputes.
• Obtain or review management accounts or turnover data to understand revenue trends and profitability given absence of income statement in filings.
• Clarify employment model and operational structure to evaluate business sustainability and dependency on key individuals or contractors.
• Confirm ongoing compliance with tax and statutory obligations given the material increase in tax creditors.