Company Number: 14832606

Analysis Date: 2025-07-20 15:30 UTC

1. Risk Rating: HIGH
   The company shows significant net liabilities (£4,570 negative net assets) and a material current liabilities balance relative to negligible current assets (£2). These indicators suggest an inability to meet short-term obligations with available liquid assets, posing solvency concerns.

2. Key Concerns:

• Negative net assets and working capital: The balance sheet highlights a deficit in both net assets and net current assets, signaling financial distress.
• Limited asset base and minimal current assets: Having only £2 in current assets against £4,392 in liabilities raises liquidity risk, potentially impairing operational continuity.
• Single director and sole significant controller: Control concentrated in one individual (Mr Junaid Shoeb Vahed) may increase governance risk, especially in a financially stressed situation.

3. Positive Indicators:

• No overdue filings or compliance issues: Accounts and confirmation statements are up to date, demonstrating regulatory compliance at this early stage.
• Micro-entity status reduces complexity and filing burden, appropriate for a company incorporated less than one year ago.
• The director has acknowledged responsibility for accounts, indicating basic governance awareness.

4. Due Diligence Notes:

• Investigate the nature and terms of the £4,392 creditors falling due after more than one year to assess repayment obligations and potential restructuring.
• Clarify the business model and revenue generation to understand if current financial position is a start-up phase issue or a structural problem.
• Review cash flow projections and funding plans to ascertain how the company intends to address negative working capital and net liabilities.
• Confirm whether there are any contingent liabilities or off-balance sheet commitments not disclosed.
• Assess the director’s track record and capacity to manage turnaround or growth given sole control.