CORBELLIN SERVICES LTD

Executive Summary

Corbellin Services Ltd, a recently incorporated small private company, currently shows a negative working capital and shareholders’ funds, reflecting early-stage financial stress. While compliance with filing requirements is positive, the absence of operational history and negative equity heighten solvency and liquidity risks. Close monitoring of future financial developments and business performance is recommended to evaluate sustainability.

CORBELLIN SERVICES LTD - Analysis Report

Company Number: 14656016

Analysis Date: 2025-07-29 18:25 UTC

1. Risk Rating: HIGH
   The company exhibits negative net current assets and shareholders' funds within its first financial period, indicating potential solvency concerns. Limited financial history and a negative working capital position elevate risk.

2. Key Concerns:

• Negative Net Current Assets: The company’s current liabilities (£6,467) exceed current assets (£5,724) by £743, reflecting a working capital deficit.
• Negative Shareholders’ Funds: Equity is reported at -£743, signaling accumulated losses or initial capital insufficiency.
• Start-up Phase with Limited Financial History: Incorporated in early 2023, the company lacks operational track record to demonstrate financial stability or sustainable cash flows.

3. Positive Indicators:

• Compliance with Filing Requirements: No overdue accounts or confirmation statements, suggesting good governance and regulatory compliance.
• Directors with Significant Control Registered: Two directors hold 25-50% ownership each, indicating clear control and accountability.
• Small Scale Start-up: Operating as a small private limited company with only two employees, which may allow for lean operations and controlled expenses.

4. Due Diligence Notes:

• Investigate the company’s business model, revenue streams, and initial contracts to assess future cash flow prospects.
• Review any related party transactions or director loans that may affect financial position.
• Monitor subsequent financial filings for improvement in net assets and liquidity.
• Confirm whether the negative equity is due to initial start-up losses or other factors such as unpaid liabilities or accounting treatment.