Company Number: 12891015

Analysis Date: 2025-07-29 16:43 UTC

1. Risk Rating: MEDIUM
   The company shows modest net assets and shareholder funds, but current assets are negligible while current liabilities remain substantial, indicating potential liquidity constraints. However, it is not in liquidation or overdue on filings, mitigating immediate solvency risk.

2. Key Concerns:

• Liquidity Mismatch: Current assets reported as zero (or negligible) versus current liabilities around £363k suggests difficulties meeting short-term obligations without additional financing or asset sales.
• Minimal Working Capital: Net current assets appear negative (per raw data) but net assets positive due to fixed assets; however, absence of cash or receivables raises concern about operational cash flow sufficiency.
• Limited Operational Scale: Classified as a micro-entity with only one employee and relatively small balance sheet, indicating potentially limited business diversification and scale to absorb financial shocks.

3. Positive Indicators:

• Consistent Asset Base: Fixed assets have remained relatively stable (~£377k), suggesting some underlying capital investment or property holdings consistent with its real estate SIC codes.
• Up-to-Date Filings: All statutory accounts and confirmation statements are filed on time, showing regulatory compliance and governance discipline.
• Positive Net Assets: Despite liquidity concerns, net assets and shareholder funds have increased from £5,334 (2023) to £11,542 (2024), indicating some retained value growth.

4. Due Diligence Notes:

• Verify the nature and liquidity of the fixed assets to understand their realizability in a financial distress scenario.
• Investigate cash flow statements or management accounts to assess actual liquidity and operational cash generation, which are not provided here.
• Confirm absence of director disqualifications or adverse governance issues given minimal public information on people with significant control.
• Assess the business model and revenue streams given the real estate SIC codes to understand sustainability and income stability.