Company Number: 14330482

Analysis Date: 2025-07-29 20:42 UTC

1. Risk Rating: HIGH
   The company exhibits significant negative net assets and net current liabilities, indicating financial distress. The persistent deterioration from the prior year, along with minimal current assets relative to liabilities, suggests elevated solvency and liquidity risks.

2. Key Concerns:

• Negative Net Assets: The company’s net assets worsened from -£2,344 in 2023 to -£4,047 in 2024, signaling an erosion of shareholder equity and potential insolvency.
• Severe Working Capital Deficit: Current liabilities (£224,806) far exceed current assets (£1,514), resulting in a net current liability of -£223,292, highlighting acute liquidity issues that may impair the company’s ability to meet short-term obligations.
• No Employees and Limited Operational Data: The absence of employees and minimal operational disclosure raise questions about the company’s business activity and sustainability as an ongoing concern.

3. Positive Indicators:

• Increase in Fixed Assets: Fixed assets rose from £166,875 to £220,535, potentially reflecting investment in real estate assets aligned with its SIC codes relating to property letting and trading.
• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating adherence to statutory obligations.
• Established Director with Relevant Occupation: The sole director’s background as a property developer aligns with the company’s real estate focus, implying relevant industry expertise.

4. Due Diligence Notes:

• Examine Nature and Valuation of Fixed Assets: Confirm whether fixed assets are tangible property holdings and assess their market value versus book value to understand asset quality.
• Investigate Sources of Funding and Cash Flow: Clarify how the company is funding its substantial current liabilities and the cash flow situation given the low current assets.
• Review Director’s Plans and Strategy: Obtain insight into the director’s intended business plan to resolve the financial deficits and achieve operational viability.
• Verify Absence of Employees and Operational Activity: Understand if the company is dormant, in early development, or otherwise inactive despite active filing status.
• Assess Potential Related Party Transactions: Given the director’s sole control, check for any related party loans or transactions that may impact financial stability.