Company Number: 14438555

Analysis Date: 2025-07-20 14:00 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (-£19,684) with current liabilities (£69,881) significantly exceeding current assets (£3,476). This indicates solvency and liquidity issues, raising concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Negative net assets and working capital deficit suggest financial distress and potential solvency risk.
• The company is relatively new (incorporated late 2022) with only one year of financial data, limiting the ability to assess operational stability.
• Sole director and shareholder control by one individual (Mr. Bahaa Anji) may present governance concentration risks, especially given the financial position.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating regulatory adherence.
• Incorporation as a private limited company with limited liability protects personal assets of the director/shareholder.
• The company operates in a defined industry (motor vehicle maintenance and repair) with potential steady demand.

4. Due Diligence Notes:

• Investigate the nature of the large current liabilities and whether these are trade creditors, loans, or other obligations.
• Clarify the company's cash flow situation and any plans or support to address the negative working capital and net asset position.
• Review operational performance and client base to assess sustainability given the minimal assets and liabilities structure.
• Confirm there are no undisclosed related party transactions or contingent liabilities.
• Assess director's capacity and plans for business development or turnaround.