Company Number: 14247495

Analysis Date: 2025-07-20 11:22 UTC

1. Risk Rating: HIGH

The company exhibits a high risk profile primarily due to its negative net assets position and persistent net current liabilities, indicating solvency and liquidity concerns.

2. Key Concerns:

• Negative Net Assets: The company reported net liabilities of £50 as of 31 March 2024, worsening from a marginal net asset of £17 in the prior year, signaling erosion of shareholders’ equity.
• Negative Net Current Assets: Net current liabilities stood at £28,245, suggesting the company may face short-term liquidity constraints to meet its immediate obligations.
• No Employees and Limited Operational Data: The company has no reported employees and minimal current assets (cash and equivalents), which raises questions about operational sustainability and revenue generation capability.

3. Positive Indicators:

• Stable Fixed Asset Base: Fixed assets remain steady at £94,074 over the last three years, which may represent owned real estate assets consistent with the company’s SIC codes related to real estate activities.
• Timely Compliance: Company filings, including accounts and confirmation statements, are up to date with no overdue submissions, reflecting sound regulatory compliance.
• Micro-Entity Reporting: The company benefits from simplified reporting requirements, which reduces administrative burden.

4. Due Diligence Notes:

• Nature and Valuation of Fixed Assets: Investigate the composition and market value of fixed assets to assess if they are readily realizable or impaired.
• Debt Structure and Terms: Clarify details of creditors falling due after more than one year (£65,879) to understand repayment terms, covenants, and potential refinancing risks.
• Cash Flow and Income Generation: Obtain management accounts or bank statements to evaluate cash inflows and operational viability given the minimal current assets.
• Director’s Plans and Financial Support: Ascertain any ongoing financial support from the director or shareholders, and their strategic plans to restore solvency.
• Potential Related Party Transactions: Verify if any liabilities or assets relate to connected parties that may affect financial stability.

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