Company Number: 14923700

Analysis Date: 2025-07-29 13:56 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position and net current liabilities exceeding current assets by a significant margin. It is a newly incorporated micro-entity with no employees and no audit, which limits financial transparency and operational track record.

2. Key Concerns:

• Negative Net Assets & Working Capital Deficit: The company’s total assets less current liabilities stands at -£6,971 with net current liabilities of -£12,319, indicating potential solvency issues.
• No Employees and Limited Operating History: The company has been active less than a year with zero employees, raising questions about operational sustainability and revenue generation capacity.
• Concentration of Control: Three individuals/entities each hold between 25-50% shareholding and voting rights, which may pose governance risks if disputes arise.

3. Positive Indicators:

• Timely Compliance: All statutory filings including accounts and confirmation statements are up to date and not overdue, demonstrating adherence to regulatory requirements.
• Limited Fixed Assets: Though small (£5,348), the presence of fixed assets indicates some investment in tangible resources.
• Clear Industry Classification: The company operates in management of real estate on a fee basis, a service-oriented sector that may require lower capital outlay than asset-heavy businesses.

4. Due Diligence Notes:

• Investigate the nature and value of current liabilities to understand creditor risk and payment terms.
• Clarify the business model and revenue sources given the lack of employees and operating history.
• Review directors’ backgrounds and related party transactions, especially given substantial shareholding concentration among related parties (all Fletchers and Evostar Holdings Ltd).
• Assess cash flow forecasts or funding arrangements to determine how the company plans to meet liabilities and grow operations.
• Confirm if there are any contingent liabilities or off-balance-sheet obligations not disclosed.