Company Number: 14357585

Analysis Date: 2025-07-29 18:45 UTC

1. Risk Rating: LOW
   The company shows a positive net asset position and has no overdue filings, indicating basic compliance and solvency. Its micro-entity status reflects limited scale but manageable financial commitments.

2. Key Concerns:

• Limited scale and resources: With only one employee and micro-entity status, the company may face operational constraints and limited capacity to absorb financial shocks.
• Rising current liabilities: Current liabilities increased significantly from £988 in 2023 to £12,486 in 2024, which could pressure short-term liquidity if not carefully managed.
• Reliance on a single director and shareholder: Mr. Kurt Stuhllemmer holds full control, which concentrates decision-making risk and could impact governance robustness.

3. Positive Indicators:

• Positive net current assets and net assets: Despite increased liabilities, net current assets remain positive (£4,357 in 2024), supporting short-term solvency.
• Timely and compliant filings: No overdue accounts or confirmation statements indicate good regulatory compliance.
• Incremental growth in current assets: Current assets nearly tripled from £6,000 in 2023 to £16,843 in 2024, suggesting improving asset base or cash holdings.

4. Due Diligence Notes:

• Clarify the nature and cause of the sharp increase in current liabilities to assess liquidity risk adequately.
• Review cash flow statements or additional financial data (if available) to evaluate operational cash generation and working capital management.
• Assess the sustainability of the business model in retail sale via internet/mail order given the size and resource constraints.
• Verify any related party transactions or dependencies given single shareholder/director structure.
• Confirm absence of any regulatory or director conduct issues beyond Companies House data.