Company Number: 13202289

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant and worsening negative net assets and net current assets over the last three years, indicating severe solvency and liquidity issues. Despite being active and compliant with filings, the financial position suggests inability to meet short-term liabilities without external support.

2. Key Concerns:

• Persistent negative net assets and net current assets: The company’s net assets deteriorated from -£9,233 in 2021 to -£13,576 in 2024, with current liabilities (£14,002 in 2024) vastly exceeding current assets (£426 in 2024). This raises solvency risk.
• No employees and minimal operational scale: The company has zero employees reported for the last two years and minimal share capital (£5), indicating limited operational capacity and possible reliance on the sole director or outsourcing.
• Lack of turnover and income statement absence: The accounts do not present turnover or profit figures, and the income statement was not filed with Companies House, limiting insight into revenue generation and operational sustainability.

3. Positive Indicators:

• Up-to-date statutory filings: Both annual accounts and confirmation statements are filed on time, demonstrating compliance with regulatory requirements.
• Active website and business description: The company maintains an active website positioning itself as a transformational life and mental fitness coach, indicating an ongoing business focus and public presence.
• Single director with significant control: Clear governance structure with one director and PSCs identified, reducing complexity in decision-making.

4. Due Diligence Notes:

• Investigate revenue streams and cash flow: Confirm actual income generation, client contracts, or funding sources supporting the business given absence of turnover data.
• Clarify nature and timing of liabilities: Understand the composition of current liabilities (£14,002) to assess urgency and risk of creditor actions.
• Review director’s plans and strategy: Assess the director’s intentions for addressing financial distress, including potential capital injections or restructuring plans.
• Verify operational activity: Confirm if the company is actively trading or in a dormant-like state despite "active" status, given no employees and minimal assets.