Company Number: 13785719

Analysis Date: 2025-07-20 13:00 UTC

1. Risk Rating: HIGH
   The company exhibits persistent and significant negative net assets and current liabilities exceeding current assets by a wide margin, indicating serious solvency and liquidity concerns.

2. Key Concerns:

• Negative Net Assets: The company’s net assets have deteriorated from -£15,034 at end 2021 to -£27,709 at end 2023, signaling accumulated losses and erosion of equity capital.
• Severe Working Capital Deficit: Current liabilities (£28,711) far exceed current assets (£1,002) as of December 2023, reflecting an inability to meet short-term obligations from liquid resources.
• No Revenue or Operational Activity Evident: The average number of employees is zero, and there is no indication of profitable trading or cash generation, raising questions about ongoing operational sustainability.

3. Positive Indicators:

• Compliance in Filings: The company is up to date with its accounts and confirmation statement filings, with no overdue returns, which reflects regulatory compliance.
• Sole Director and PSC Alignment: The director and person with significant control are the same individual, potentially simplifying governance and decision-making.

4. Due Diligence Notes:

• Investigate the nature of the company’s operations and revenue streams, as no turnover or profit figures are available and zero employees are reported.
• Clarify the source and nature of liabilities, including creditors and any related-party debts.
• Assess any plans or capital injections to address the negative equity and working capital deficits.
• Review director’s intentions regarding the company’s viability and any contingent liabilities or pending restructuring.
• Confirm absence of director disqualifications or regulatory sanctions (none indicated here but should be verified).

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