Company Number: 14271504

Analysis Date: 2025-07-29 13:45 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk given persistent negative net current assets and shareholders' funds, indicating liabilities exceed assets by over £33,000. Cash reserves are negligible (£10), raising serious liquidity concerns. The company is in its early stage (incorporated in 2022) with no employees and no revenue information, suggesting operational sustainability is unproven.

2. Key Concerns:

• Negative working capital position: Current liabilities (~£34k) vastly exceed current assets (only £10 in cash), implying potential difficulty in meeting short-term obligations.
• Persistent accumulated losses reflected in shareholders' funds (-£33,977), with no sign of improvement over two years.
• Lack of operational scale: No employees reported and intangible assets fully amortised, indicating limited ongoing business activity or asset base to leverage.

3. Positive Indicators:

• Compliance: Accounts and confirmation statements are filed on time, with no overdue filings or penalties.
• Ownership and control are clearly defined, with a single significant controller holding majority shares and voting rights.
• Directors appear stable with no disqualifications or governance issues reported.

4. Due Diligence Notes:

• Investigate the nature and terms of the current liabilities (other creditors) to understand creditor exposure and payment terms.
• Review cash flow projections and planned capital injections or funding sources to assess short-term liquidity sustainability.
• Clarify business model viability given SIC codes (physical well-being activities and software development) and absence of employees or revenue disclosures.
• Confirm if there are any contingent liabilities or off-balance sheet obligations not reflected in the accounts.