Company Number: 14149782

Analysis Date: 2025-07-29 13:31 UTC

1. Risk Rating: HIGH
   The company shows a significant and worsening negative net asset position over recent years, indicating solvency issues. Current liabilities substantially exceed current assets, signaling poor liquidity and an inability to meet short-term obligations.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: Net assets declined from £3,122 positive in 2022 to negative £8,305 in 2024 with net current liabilities worsening to £8,305. This indicates ongoing losses and erosion of equity.
• Minimal Current Assets: Reported current assets are virtually nil (£1 in 2024), suggesting little cash or liquid resources to cover debts.
• Recent Director Turnover and Governance: The same individual was appointed and resigned within a short period in 2024, which may indicate instability or governance concerns.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are up to date, indicating compliance with Companies House filing requirements.
• Growing Employee Base: Average employees increased from 1 to 2, suggesting some operational activity and potential growth.
• Active Website and Communication Channels: The company maintains an active website with multiple contact points and social media presence, supporting ongoing business operations.

4. Due Diligence Notes:

• Examine Profit & Loss and Cash Flow Details: Limited data on profitability or cash flows is available; detailed financial statements or management accounts should be reviewed for revenue, expenses, and cash management.
• Investigate Director Stability and Background: Understand reasons for director resignation and reappointment; verify any related party transactions or governance issues.
• Assess Business Model and Revenue Sources: Given the SIC codes spanning engineering, management consultancy, and real estate agencies, clarity on actual business activities and revenue streams is needed.
• Confirm Related Party and Loan Arrangements: Explore whether related parties have provided funding or guarantees to support solvency.
• Review Capital Injection Plans: Determine if there are plans or capacity to recapitalize to restore positive net assets.

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