Company Number: 13680517

Analysis Date: 2025-07-29 12:11 UTC

1. Risk Rating: HIGH
   The company shows a very minimal equity base (£1 share capital and shareholders funds) and significant long-term creditors (£18,000) compared to very low current assets (£1,478) and no current liabilities reported. This structure indicates high leverage and potential solvency risk. The absence of employees suggests limited operational scale.

2. Key Concerns:

• Solvency Risk: Net assets are nominal (£1), with long-term liabilities of £18,000, raising questions on the ability to meet obligations.
• Liquidity Constraints: Current assets (£1,478) only marginally exceed current liabilities (reported as zero but working capital is the same as current assets), indicating limited liquid resources to cover short-term expenses.
• Operational Scale and Sustainability: No employees and minimal turnover data (not provided), combined with micro-entity status, suggest the business may be in early development or not fully operational, raising concerns about long-term viability.

3. Positive Indicators:

• Timely Filing: Accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance and good governance on filing duties.
• Stable Fixed Assets Base: Fixed assets increased slightly over the past years, suggesting some investment in business infrastructure or equipment.
• Experienced Directors: Directors’ backgrounds include software engineering and banking, which may be beneficial for operational and financial management.

4. Due Diligence Notes:

• Verify the nature and terms of the £18,000 long-term creditors to assess repayment obligations and impact on solvency.
• Investigate revenue streams and cash flow generation since turnover and profit/loss data are not disclosed.
• Assess business model viability, given no employees and micro-entity status, to understand sustainability and growth prospects.
• Confirm absence of contingent liabilities or related party transactions not reflected in the accounts.