Company Number: 14499620

Analysis Date: 2025-07-20 15:57 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position and significant liabilities relative to its current assets, indicating solvency concerns. The absence of employees and limited operating history further elevate operational risk.

2. Key Concerns:

• Negative Shareholders’ Funds (£-7,938): The company’s net liabilities position suggests that total liabilities exceed assets, which may impair its ability to meet long-term obligations.
• Substantial Current Liabilities (£248,186) vs. Current Assets (£370,249) with Minimal Cash (£182): While net current assets appear positive, cash availability is extremely limited, potentially straining liquidity for immediate obligations.
• No Employees and Limited Trading History: Incorporated in late 2022 with no employees reported, raising questions on operational capacity and sustainability of business activities.

3. Positive Indicators:

• Current Assets Exceed Current Liabilities: Net current assets stand at £122,063, which could provide a buffer for short-term liabilities.
• No Overdue Filings: Accounts and confirmation statements are filed on time, indicating compliance with statutory requirements.
• Single Controlling Director with Full Control: Clear governance structure with one director holding full voting rights and ownership, which may facilitate rapid decision-making.

4. Due Diligence Notes:

• Clarify Composition of ‘Stocks’ (£370,067) Classified as Current Assets: The financial statements show stocks as a major component of current assets; verify what these stocks represent in a property letting company and their realizability.
• Review Terms and Conditions of Creditors (£378,186 Total): Investigate the nature, repayment terms, and creditors’ identities, particularly the £130,000 due after one year and other sizeable short-term creditors.
• Examine Business Model and Revenue Streams: With no employees and limited disclosure, further information on how the company operates, generates income, and manages properties is essential.
• Assess Director and Related Party Transactions: Given the director’s sole control, examine any related party transactions or loans that may affect financial health.