Company Number: 14784736

Analysis Date: 2025-07-20 12:54 UTC

1. Risk Rating: HIGH
   The company shows a significant solvency concern with total net liabilities of £97,715 as at 30 April 2024. The presence of long-term creditors exceeding current assets and net assets indicates potential difficulty in meeting obligations.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows net liabilities of £97,715, signaling that liabilities exceed assets, which is a red flag for solvency.
• Long-term Creditors: Creditors due after more than one year amount to £180,432, a substantial figure relative to the company’s asset base, increasing financial risk.
• Limited Operating History: Incorporated in April 2023 with only one set of micro-entity accounts filed, there is minimal financial and operational track record to assess stability or cash flow.

3. Positive Indicators:

• Compliance: No overdue filings; accounts and confirmation statement are up to date, indicating adherence to regulatory requirements.
• Shareholder Control: The sole director and 75-100% shareholder, Mr. Peter Andrew Gregory, suggests clear governance and decision-making authority.
• Micro-entity Reporting: The company benefits from simplified filing requirements, reducing administrative burdens.

4. Due Diligence Notes:

• Clarify Nature and Terms of Long-term Creditors: Investigate the composition and repayment terms of the £180,432 long-term liabilities to assess risk exposure and potential refinancing needs.
• Cash Flow and Profitability Projections: Given the negative net assets, request management forecasts and cash flow statements to evaluate operational viability.
• Director Background and Related Party Transactions: Review the director’s financial standing and any transactions with related parties that may impact company solvency.
• Industry Risks: Given the SIC codes related to gas manufacture and electricity trade/production, assess market conditions and regulatory environment that might affect the business.