Company Number: 13311284

Analysis Date: 2025-07-29 19:01 UTC

1. Risk Rating: HIGH

The company displays significant solvency and liquidity risks, evidenced by a consistent net liability position and negative net current assets in the latest financial year.

2. Key Concerns:

• Solvency: Net liabilities increased to £998 at 30 April 2024 from £317 the previous year, indicating erosion of shareholders’ funds and a weakened financial base.
• Liquidity: Cash on hand is negligible at £131, while current liabilities have increased to £1,369, resulting in a negative net current asset position of £1,238. This suggests potential difficulty meeting short-term obligations.
• Operational Stability: The company reported zero employees in the latest year and has declining tangible fixed assets and cash balances, which may reflect operational scaling down or cessation of business activities. The directors’ report states going concern is supported by directors but no external audit or assurance is provided.

3. Positive Indicators:

• Compliance: The company is active, not in liquidation, and filings for accounts and confirmation statements are up to date and not overdue.
• Governance: The current director, Jacqueline Wild, has been in position since incorporation with no indication of disqualifications or adverse conduct records.
• Accounting Policies: The accounts comply with the small companies regime and relevant accounting standards without material departures.

4. Due Diligence Notes:

• Investigate the nature and terms of director loans (£1,069), as these constitute the majority of current liabilities and could impact solvency if called in.
• Clarify the operational status and business activity given zero employees and declining tangible assets; assess revenue streams and client contracts.
• Confirm the basis for directors’ going concern statement and whether any external financing or support arrangements exist.
• Review historical cash flow statements and creditor aging to assess liquidity trends and payment patterns.
• Examine any contingent liabilities or off-balance-sheet obligations not disclosed in the accounts.