Company Number: 13326708

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

1. Risk Rating: HIGH
   The company exhibits a negative shareholders' fund position (£-3,476) combined with current liabilities slightly exceeding current assets (£304,973 vs £307,799), indicating potential solvency and liquidity challenges. The absence of employees and minimal share capital (£60) further suggest limited operational scale and financial buffer.

2. Key Concerns:

• Negative Net Worth: Shareholders’ funds are negative, implying accumulated losses or liabilities in excess of assets, raising solvency concerns.
• Working Capital Deficiency: Current liabilities exceed current assets, indicating possible liquidity stress and risk in meeting short-term obligations.
• No Audit or Detailed Financial Disclosures: Being a micro-entity, the company has minimal filing requirements and unaudited accounts, limiting transparency into financial health and operational viability.

3. Positive Indicators:

• Filing Compliance: Both accounts and confirmation statements are up to date with no overdue filings, demonstrating regulatory compliance.
• Stable Directorship: The founding directors remain actively involved, with no disqualifications evident, suggesting stable governance at the board level.
• Industry Focus: The company operates in development of building projects (SIC 41100), a sector with potential for growth assuming adequate capital and project pipeline.

4. Due Diligence Notes:

• Review detailed cash flow information and any off-balance sheet liabilities to assess true liquidity and solvency position.
• Investigate the cause of negative equity and whether losses are expected to continue.
• Clarify business model and revenue generation since no employees are recorded and the company is relatively new (incorporated 2021).
• Confirm relationship and financial interdependence among related parties given multiple directors and PSCs with shared addresses and voting control.
• Assess any contingent liabilities or pending legal matters not disclosed in micro-entity accounts.