Company Number: 14124877

Analysis Date: 2025-07-20 14:59 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns, with net liabilities worsening over the last two years and negative shareholders’ funds. Its liabilities substantially exceed current assets, indicating an inability to meet obligations from available resources.

2. Key Concerns:

• Persistent net current liabilities: The deficit increased from £1,699 in 2023 to £3,709 in 2024, signaling deteriorating short-term financial health.
• Negative net assets and shareholders’ funds: Reflecting accumulated losses or undercapitalization that threaten long-term viability.
• Lack of employees and minimal current assets: No staff suggests limited operational capacity, and current assets are insufficient to cover immediate debts.

3. Positive Indicators:

• Compliance with statutory filings: Accounts and confirmation statements are filed timely, demonstrating regulatory adherence.
• Micro-entity status: This reduces reporting complexity and costs, potentially easing administrative burden for management.
• Director oversight: The director has formally approved the accounts, indicating governance engagement.

4. Due Diligence Notes:

• Investigate the nature and timing of creditors to assess liquidity pressures and risk of default.
• Review business model and cash flow forecasts to understand prospects for reversing net liability trends.
• Confirm whether any related-party transactions or director loans exist that impact financial position.
• Assess any contingent liabilities or off-balance-sheet obligations not reflected in accounts.
• Evaluate reasons for absence of employees and implications for operational sustainability.