Company Number: 14533710

Analysis Date: 2025-07-29 13:13 UTC

1. Risk Rating: HIGH
   The company exhibits a significant net current liability position and negative net assets as at the last financial year end. This indicates acute solvency and liquidity risk, raising concerns about its ability to meet short-term obligations without external support.

2. Key Concerns:

• Negative Net Current Assets: Current liabilities (£18,479) substantially exceed current assets (£5,618), resulting in a net current liability of £12,861, which is a critical liquidity issue.
• Negative Net Assets and Shareholders’ Funds: The company’s net assets and shareholders’ funds stand at -£12,861, signaling that liabilities exceed assets and indicating potential insolvency on a balance sheet basis.
• No Employees & Early Stage: Incorporated in December 2022 with zero employees reported for the year, the company is in its infancy with no operating scale, increasing operational risk and dependence on directors’ support.

3. Positive Indicators:

• No Overdue Filings: The company is up to date with both accounts and confirmation statement filings, demonstrating compliance with statutory reporting requirements.
• Directors’ Support Confirmed: The directors explicitly state their commitment to support the company financially to enable it to continue as a going concern, which may mitigate immediate solvency concerns.
• Clear Ownership and Governance: Two directors each hold 25-50% shareholding and voting rights with rights to appoint/remove directors, indicating stable control structure without complex ownership issues.

4. Due Diligence Notes:

• Investigate the nature and maturity profile of the current liabilities to assess timing and likelihood of settlement or restructuring.
• Review directors’ plans and financial capacity to continue supporting the company given the negative equity and working capital deficit.
• Understand business model and forecast cash flows to evaluate if operational revenues can improve liquidity and solvency going forward.
• Verify whether any related party transactions or loans underpin the current liabilities or directors’ support arrangements.
• Confirm absence of any director disqualifications, regulatory investigations, or material contingent liabilities not disclosed in the micro-entity accounts.