Company Number: 12845355

Analysis Date: 2025-07-20 15:28 UTC

1. Risk Rating: HIGH
   The company exhibits persistent negative net assets and net current liabilities over multiple years, indicating ongoing solvency and liquidity challenges. The very limited current assets relative to current liabilities suggest an inability to meet short-term obligations without external support.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: The company reported net liabilities increasing from -£27 in 2021 to -£693 in 2024, reflecting erosion of equity and capital base.
• Severe Working Capital Deficit: Current liabilities (~£7,400) vastly exceed current assets (£3), resulting in a negative net current asset position around -£7,400 consistently, implying cash flow difficulties.
• Micro-entity Filing with Omitted P&L Account: The absence of a profit and loss account in filings restricts analysis of operational profitability and cash flow trends, increasing uncertainty about sustainable operations.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating no regulatory non-compliance or penalties at present.
• Single Director Stability: The sole director has been in place since incorporation with no reported disqualifications, suggesting stable governance at the leadership level.

4. Due Diligence Notes:

• Investigate the nature of current liabilities and creditor terms to assess potential restructuring or repayment plans.
• Obtain the profit and loss statements and cash flow data to evaluate operational performance and sources of liquidity support.
• Clarify the underlying business model and revenue generation capacity given the SIC code “Other service activities not elsewhere classified” is broad and nonspecific.
• Confirm whether there are any related party loans or director advances supporting the balance sheet deficits.
• Assess any contingent liabilities or off-balance sheet obligations that might exacerbate financial stress.