Company Number: 14563739

Analysis Date: 2025-07-29 18:25 UTC

1. Risk Rating: HIGH
   The company shows negative net assets and net current assets, indicating potential solvency and liquidity issues. It is a recently incorporated entity with minimal financial history and no reported revenue or employee base, increasing operational risk.

2. Key Concerns:

• Negative net assets and net current assets of £250 as at 31 December 2023 suggest the company is currently insolvent on a balance sheet basis.
• No turnover, employees, or substantive assets reported, raising concerns about operational sustainability and business viability.
• Director change occurred less than one year after incorporation; potential governance or strategic instability needs review.

3. Positive Indicators:

• The company is compliant with filing requirements; accounts and confirmation statements are up to date with no overdue filings.
• Exemption from audit is appropriate given the small size, and the accounts comply with applicable small entity accounting standards.
• Ownership and control are clearly defined with a single significant controller, simplifying governance oversight.

4. Due Diligence Notes:

• Investigate the nature of the £250 creditor accrual to understand the cause of negative working capital and whether it is a one-off timing issue or recurring problem.
• Confirm whether the company has commenced trading or generated any revenue since incorporation, as no turnover or employees are reported.
• Review reasons behind the director resignation and appointment within 2024 for any governance or operational concerns.
• Assess the company’s business plan and financing arrangements to understand how it intends to address negative equity and sustain operations.