Company Number: 12941971

Analysis Date: 2025-07-29 13:21 UTC

1. Risk Rating: HIGH
   The company shows significant and persistent negative net current assets and shareholders' funds over multiple years, indicating substantial solvency risk. The imbalance between current liabilities (£123,435) and current assets (£9,162) as of June 2024 signals severe liquidity issues.

2. Key Concerns:

• Severe Negative Working Capital: Net current liabilities of approximately £114k suggest an inability to meet short-term obligations without external support.
• Negative Shareholders’ Funds: The accumulated losses reflected in shareholders’ funds (-£112k) demonstrate ongoing financial distress and erosion of equity.
• No Employees and Minimal Operating Assets: The absence of employees and very low fixed assets (only £2,180) raises questions about operational scale and sustainability of revenue generation.

3. Positive Indicators:

• Active Status and Timely Filings: The company remains active with no overdue accounts or confirmation statements, indicating compliance with statutory filing obligations.
• Going Concern Statement Supported by Related Company: The director’s note mentions continued support from a related company, which may provide financial backing or operational assistance, mitigating immediate insolvency risk.
• Stable Directorship and Control: A single director with full control and a related holding company controlling voting rights may allow for streamlined decision-making and potential rescue strategies.

4. Due Diligence Notes:

• Investigate the nature and extent of the support provided by the related company (Kc Financial Holding Ltd) mentioned in the going concern note, including any guarantees or funding arrangements.
• Clarify revenue streams, business model viability, and plans to address the large working capital deficit and accumulated losses.
• Review any contingent liabilities or off-balance sheet obligations that may exacerbate financial risk.
• Confirm absence of director disqualifications or regulatory issues for Miss Elise Eileen Robertson and related entities.