Company Number: 14924524

Analysis Date: 2025-07-20 11:24 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets (£-3,024) as of the last accounting date, indicating solvency concerns. The presence of liabilities due after more than one year (£6,696) exceeding total assets less current liabilities (£4,272) further suggests potential financial distress. The company is very recently incorporated (June 2023) and has minimal operating history, adding uncertainty around operational stability.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows shareholders’ funds at negative £3,024, which is a clear red flag for solvency risk.
• Long-term Liabilities Greater than Assets: Creditors due after one year (£6,696) exceed net assets, indicating potential difficulties in meeting long-term obligations.
• Limited Operating History and Scale: Incorporated less than a year ago, with only one employee and micro-entity filings, indicating a very small and potentially fragile business with limited financial track record.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, demonstrating regulatory compliance and good governance in that respect.
• Directors with Full Control and Local Presence: Both directors hold significant control and reside locally, which may facilitate quick decision-making and oversight.
• Diverse Industry Activities: The company’s SIC codes cover computer repair, retail, printing, and other services, which may allow some operational flexibility.

4. Due Diligence Notes:

• Review detailed breakdown and nature of the long-term liabilities (£6,696) to assess repayment terms and creditor relationships.
• Clarify the reason for negative net assets and whether shareholders have injected capital or intend to do so to restore solvency.
• Investigate operational cash flows and business model viability given the small scale and early stage of the company.
• Confirm no director disqualifications or adverse conduct records, although none are indicated here.
• Assess related party transactions or financial support arrangements given the directors’ significant control.