Company Number: 12792797

Analysis Date: 2025-07-20 14:57 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant negative net assets and net current assets, indicating insolvency on a balance sheet basis. Despite being a micro-entity, the worsening financial position over three years and negative working capital raise strong concerns about its ability to meet obligations.

2. Key Concerns:

• Negative net assets of £11,957 as of 31/08/2023, deteriorated from £1,221 deficit in 2022.
• Negative net current assets of £11,957, showing liabilities exceed current assets, implying liquidity stress.
• Minimal share capital (£2) and absence of positive equity buffer, increasing solvency risk.

3. Positive Indicators:

• The company is active and compliant with filing deadlines for accounts and confirmation statements, showing regulatory adherence.
• Directors have maintained consistent control and there is no indication of director disqualifications or governance issues.
• The company operates under a micro-entity regime, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and cause of the growing net liability position and confirm if there are any ongoing trading losses or accumulated losses not visible in summary data.
• Review cash flow statements (if available) to evaluate liquidity beyond the balance sheet snapshot.
• Assess the sustainability of the business model given the diversified SIC codes including temporary employment and retail via internet, which may indicate varied operational risks.
• Confirm if there are any contingent liabilities or off-balance sheet obligations that could exacerbate risk.
• Explore directors’ plans or recent actions to address financial distress, such as capital injections or restructuring.