Company Number: SC723482

Analysis Date: 2025-07-29 16:57 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with persistent net liabilities, negative working capital, and no employees, indicating limited operational capacity and financial distress.

2. Key Concerns:

• Negative Net Assets: The company had net liabilities of approximately £60,000 at the end of 2023, worsening from prior years, signaling ongoing losses or insufficient capital.
• Negative Net Current Assets: Current liabilities exceed current assets by £140,078 as of 2023, raising questions about short-term liquidity and ability to meet obligations as they fall due.
• Lack of Employees and Operating Scale: The company reports zero employees, which may indicate minimal operational activity or reliance on directors alone, potentially undermining business sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, suggesting regulatory compliance and governance discipline.
• Presence of Fixed Assets: The company holds fixed assets valued at £92,581 as of 2023, which could provide some collateral or operational base.
• Stable Directorship and Ownership: Directors and persons with significant control are consistent and locally based, reducing risks related to governance instability.

4. Due Diligence Notes:

• Investigate the nature and valuation of fixed assets to assess their liquidity and contribution to operations.
• Review the company's cash flow and creditor payment history to understand how current liabilities are being managed.
• Clarify business model and revenue streams, especially given the absence of employees and ongoing negative equity.
• Assess any contingent liabilities or off-balance sheet obligations not reflected in the accounts.
• Understand the impact of the resignation of one director (Dr. Kushner) in late 2023 on company operations and control.