Company Number: 14471011

Analysis Date: 2025-07-20 11:54 UTC

1. Risk Rating: HIGH
   Justification: The company is very newly incorporated (since November 2022) and shows an extremely minimal balance sheet with current assets barely exceeding current liabilities by £1. Net assets and shareholders’ funds stand at £1, indicating minimal capitalization. The company employs only one person and the accounts show directors’ loan accounts with amounts expected to be repaid imminently but currently outstanding. This financial position suggests a high risk of solvency and liquidity issues.

2. Key Concerns:

• Minimal Net Assets and Working Capital: Net current assets of £1 essentially indicate no buffer to absorb unexpected liabilities or cash flow shocks.
• Dependence on Directors’ Loans: The company’s debtors are entirely directors’ loan accounts (£2,155), highlighting reliance on internal funding rather than external revenue or cash reserves.
• Lack of Financial History and Scale: As a very young company with only one employee and no reported turnover or profit/loss figures, there is limited evidence of operational sustainability or growth.

3. Positive Indicators:

• Up-to-Date Filings and Compliance: Accounts and confirmation statements are filed on time, showing good regulatory compliance.
• Clear Ownership and Control: 75-100% shareholding and voting control by Craig Sinnott provides clarity on decision-making authority.
• Accounting Policies and Reporting Standards: Accounts prepared in accordance with FRS 102 and small companies regime, with directors acknowledging responsibilities, indicate adherence to proper accounting frameworks.

4. Due Diligence Notes:

• Investigate the nature and sustainability of the company’s business model—verify any revenue or contracts beyond directors’ funding.
• Confirm the status and repayment terms of directors’ loans and whether any external financing or credit facilities exist.
• Review cash flow projections and commitments to assess liquidity risk in the near term.
• Assess any contingent liabilities or off-balance sheet obligations not disclosed in the filleted accounts.
• Verify the operational capacity given the very limited headcount and resources.