Company Number: 13503477

Analysis Date: 2025-07-20 16:39 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position as of the most recent accounts, indicating solvency concerns. The significant creditor amounts due after more than one year exceed current assets and there is a negative net current assets figure, which raises liquidity risk. The financials suggest the company is currently over-leveraged and may struggle to meet its obligations without additional capital or cash inflows.

2. Key Concerns:

• Negative Net Assets: The reported net assets stand at -£17,807 for FY 2024, a deterioration from prior years, indicating the company is insolvent on a balance sheet basis.
• High Long-Term Creditors: Creditors falling due after more than one year rose sharply to £61,657, more than the total assets less current liabilities, highlighting significant debt burden.
• Negative Net Current Assets: The net current assets position deteriorated to -£12,942, signaling short-term liquidity challenges that may impair operational continuity.

3. Positive Indicators:

• Consistent Filing and Compliance: The company is up to date with both accounts and confirmation statement filings, indicating good regulatory compliance and governance practices.
• Stable Workforce: The company maintains a consistent employee base (3 employees) which suggests operational continuity without rapid downsizing.
• Increasing Fixed Assets: Fixed assets increased from £36,699 in 2023 to £56,792 in 2024, which could reflect investment in operational capacity or infrastructure.

4. Due Diligence Notes:

• Review the nature and terms of the long-term creditors to assess repayment schedules, interest obligations, and potential refinancing risks.
• Investigate cash flow statements (not provided) to understand operational cash generation and any working capital management issues.
• Assess whether the company has any contingent liabilities or off-balance sheet commitments that may exacerbate financial stress.
• Understand the business model and revenue streams under SIC code 52290 (other transportation support activities) to evaluate future sustainability.
• Obtain director insights on plans to address negative equity and liquidity pressures, including any capital injections or debt restructuring.
• Verify if there have been any director conduct issues or regulatory sanctions (none noted here).