Company Number: 14470804

Analysis Date: 2025-07-20 12:04 UTC

1. Risk Rating: HIGH
   The company exhibits clear signs of financial distress with consistent net liabilities, negative working capital, and a deterioration in net assets over the last two years. The absence of audit and limited disclosure restricts visibility but does not mitigate the evident solvency concerns.

2. Key Concerns:

• Persistent negative net assets: The company has net liabilities of £6,351 as of 30 November 2024, improving slightly from £7,495 in the previous years but still negative.
• Negative net current assets (working capital): Current liabilities exceed current assets by £31,638, indicating potential liquidity issues and difficulties meeting short-term obligations.
• Lack of profitability and limited financial disclosures: No profit and loss details filed, and no audit performed, which limits insight into operational performance and future sustainability.

3. Positive Indicators:

• Compliance with filing deadlines: Both accounts and confirmation statements are up to date, reflecting good regulatory compliance.
• Stable director and ownership structure: The sole director and 75-100% shareholder is consistent, suggesting clear control and responsibility.
• Small scale and micro-entity status: Reduced complexity and size may limit exposure to large-scale operational risks.

4. Due Diligence Notes:

• Investigate the company’s cash flow position and whether short-term creditors are being met on time.
• Obtain management accounts or profit and loss data to assess operational performance and future viability.
• Clarify the nature of current liabilities to determine if any significant overdue or disputed debts exist.
• Assess director’s plans to restore solvency or inject capital given persistent negative equity.
• Review any contingent liabilities or off-balance sheet commitments that may exacerbate financial risk.