Company Number: 13630714

Analysis Date: 2025-07-20 18:47 UTC

1. Risk Rating: HIGH
   The company demonstrates a negative net asset position and liabilities exceeding assets, which is a clear solvency concern. The minimal current asset base (£1) compared to current liabilities (£120 in 2024) indicates significant liquidity risk. The absence of employees and minimal financial activity further question operational sustainability.

2. Key Concerns:

• Negative net assets of £119 as of 2024, worsening from £59 in 2023, signals insolvency risk.
• Current liabilities (creditors) are 120 times the current assets, implying the company lacks liquid resources to meet short-term obligations.
• No employees and minimal reported activity suggest the business may not be operational or generating revenue, raising sustainability and viability issues.

3. Positive Indicators:

• The company is up to date with filing requirements, including accounts and confirmation statements, indicating regulatory compliance.
• The use of micro-entity accounting provisions is appropriate given the company size, showing adherence to filing standards.
• The company is active and not in liquidation or administration.

4. Due Diligence Notes:

• Investigate the nature of the current liabilities: who are the creditors, and what are the terms and maturity?
• Assess the company’s cash flow sources and plans to address the negative equity and liquidity shortfall.
• Clarify operational status: confirm if the company has ceased trading or is dormant despite being active on record.
• Review director statements and any contingent liabilities or off-balance sheet commitments.
• Confirm if there are any related party transactions or loans that may impact financial stability.