Company Number: 13123595

Analysis Date: 2025-07-20 11:13 UTC

1. Risk Rating: HIGH
   Justification: The company has reported net liabilities and negative shareholders’ funds in its latest accounts, indicating insolvency at the balance sheet date. The company is dormant with minimal financial activity and negligible current assets relative to liabilities, raising serious solvency and liquidity concerns.

2. Key Concerns:

• Negative net assets of £1 as of 31 January 2024, indicating insolvency on a balance sheet basis.
• Dormant status with virtually no trading or operational activity, suggesting no revenue generation or business sustainability.
• Minimal current assets (£12) against current liabilities (£13), pointing to a liquidity mismatch and inability to meet short-term obligations.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, suggesting governance adherence.
• Directors appear stable with no publicly noted disqualifications or regulatory issues.
• Micro-entity accounting regime and dormant status reduce complexity and risk of hidden liabilities.

4. Due Diligence Notes:

• Confirm the nature and source of the current liabilities reported; determine if these are director loans, intercompany balances, or third-party debts.
• Investigate the reasons for persistent negative net assets and whether there is a plan for capital injection or restructuring.
• Assess whether the dormant status is temporary or the company intends to commence trading; evaluate business plan viability if applicable.
• Verify any contingent liabilities or off-balance sheet commitments that might impact financial stability.
• Confirm no undisclosed regulatory or compliance issues beyond publicly filed documents.