Company Number: 13952857

Analysis Date: 2025-07-20 14:57 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns due to net liabilities and substantial long-term creditors exceeding total assets. Net assets are negative (£-4,316 in 2024), indicating insolvency on a balance sheet basis.

2. Key Concerns:

• Negative net assets and shareholders’ funds suggest the company’s liabilities exceed its assets, raising concerns about its ability to meet obligations.
• Current liabilities nearing £1,015,664 vastly outweigh modest current assets (£24,376), indicating potential liquidity problems.
• The company has no employees and minimal current assets, relying heavily on fixed assets, which may not be readily liquidated to cover debts.

3. Positive Indicators:

• The fixed assets value is stable at £1,048,050, indicating ownership of significant real estate assets.
• The company is compliant with filing deadlines for accounts and confirmation statements, reflecting regulatory adherence to this extent.
• Ownership and control are consolidated under a single director and PSC, which may simplify decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors (~£1 million), including repayment schedules and any secured lending against fixed assets.
• Review cash flow statements or bank statements (not provided) to determine the company’s ability to service short-term liabilities.
• Assess the valuation and marketability of fixed assets to understand realistic recovery value in distress scenarios.
• Confirm whether the company is generating any rental income or other operational revenue to support ongoing expenses.
• Examine director’s plans or intentions regarding addressing the negative net asset position.