Company Number: 13143049

Analysis Date: 2025-07-29 20:51 UTC

1. Risk Rating: HIGH

The company's financial statements reveal persistent and significant net current liabilities and negative shareholders' funds over multiple years. This indicates a high risk of insolvency and raises serious concerns about its ability to meet short-term obligations.

2. Key Concerns:

   • Negative Net Current Assets: As of the latest accounts (2024), net current assets stand at -£53,894, indicating current liabilities significantly exceed current assets.
   • Consistent Negative Shareholders' Funds: Shareholders' funds have deteriorated from -£17,516 in 2021 to -£37,214 in 2024, showing ongoing accumulated losses.
   • Declining Cash and Working Capital: Cash reserves are minimal (£402 in 2023, and current assets have decreased markedly in 2024), suggesting liquidity constraints.

3. Positive Indicators:

   • No Overdue Filings: Both accounts and confirmation statements are up to date, indicating regulatory compliance and governance diligence.
   • Stable Management: The same two directors have been continuously in place since incorporation, suggesting consistent leadership.
   • Micro-Entity Status: Being a micro-entity limits reporting requirements, which, while restricting available data, may reduce administrative burden.

4. Due Diligence Notes:

   • Investigate the nature of current liabilities to assess repayment terms and creditor relationships.
   • Review cash flow statements (not available here) to understand operational cash generation or reliance on external funding.
   • Examine business model sustainability and plans to address ongoing negative equity, including any anticipated capital injections or restructuring.
   • Confirm whether the company has any contingent liabilities or off-balance-sheet obligations.
   • Assess any director loans or related party transactions that could impact financial stability.
   • Explore market position and revenue trends since turnover data is not provided.