Company Number: NI690483

Analysis Date: 2025-07-20 16:59 UTC

1. Risk Rating: HIGH
   The company exhibits significant negative net assets and net current liabilities, indicating an ongoing solvency risk. The magnitude of current liabilities far exceeds current assets, raising liquidity concerns.

2. Key Concerns:

• Persistently negative net assets (£-104,383 as of 2024) and worsening net current liabilities (£-943,190) demonstrate an inability to cover short-term obligations from liquid resources.
• Current liabilities are nearly 74 times the current assets in 2024, suggesting severe liquidity strain and potential cash flow difficulties.
• The company is relatively new (incorporated August 2022) with only micro-entity accounts filed, limiting available financial transparency and raising uncertainty about operational stability.

3. Positive Indicators:

• The fixed assets have increased from £567,807 (2023) to £838,807 (2024), which may represent investment in property consistent with the company's SIC classification (real estate letting).
• The company is up to date with filings (accounts and confirmation statements not overdue), indicating compliance with statutory requirements.
• Ownership and control are clearly defined, with a corporate PSC holding majority shares, which may imply access to financial backing or group support.

4. Due Diligence Notes:

• Investigate the nature and valuation of fixed assets to determine their liquidity and whether they can be leveraged or sold to improve solvency.
• Review the composition of current liabilities to identify any short-term debts or obligations that might trigger creditor action or insolvency risk.
• Assess cash flow forecasts and funding arrangements to confirm operational sustainability and the ability to cover upcoming liabilities.
• Verify whether the company has access to additional funding or support from related entities (notably Crh Holdings Ltd) given the negative equity position.
• Examine director and shareholder intentions regarding recapitalization, restructuring, or potential sale of assets.
• Confirm no director disqualifications or governance issues exist beyond the data provided.