Company Number: 14719179

Analysis Date: 2025-07-29 18:02 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits a net current liability position with current liabilities (£40,431) exceeding current assets (£26,510), resulting in negative working capital. Shareholders’ funds are minimal (£1,079), indicating very low equity buffer. The company is newly incorporated (March 2023) with no employees or operational history beyond the initial reporting period, which increases uncertainty about its ongoing viability.

2. Key Concerns:

• Liquidity Risk: Negative net current assets (-£13,921) suggest potential difficulty in meeting short-term obligations as they fall due.
• Operational Sustainability: No employees and minimal fixed assets (£15,000) indicate the company may not yet have established operational capacity or income-generating activities.
• Limited Financial History: As a micro-entity with just over one year of operation, there is insufficient historical financial data to assess trends or reliability of business model.

3. Positive Indicators:

• Compliance: The company is up to date with filing of accounts and confirmation statements, with no overdue filings reported.
• Ownership and Control: Single director and 100% ownership by Michael Andrew Kurn may simplify decision-making and accountability.
• Micro-entity status: Reduced reporting requirements lessen administrative burden, potentially preserving resources in early stages.

4. Due Diligence Notes:

• Investigate the nature and timing of the current liabilities to assess if these are short-term trade payables, loans, or other obligations.
• Clarify the company’s business plan, revenue model, and expected cash flow trajectory to understand how it intends to address the working capital deficit.
• Verify the director’s background and financial commitment to support the company through its nascent phase.
• Confirm whether any related party transactions or loans from the director or other sources exist that are not reflected in the balance sheet.
• Assess market conditions and demand for the company’s real estate letting activities under SIC code 68209 to evaluate feasibility.