Company Number: 14892168

Analysis Date: 2025-07-29 14:05 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position of £17,920 as of 31 May 2024, indicating insolvency on a balance sheet basis. This is primarily due to long-term creditors exceeding fixed assets and an almost negligible current asset base, raising significant doubts about its ability to meet obligations.

2. Key Concerns:

• Negative net assets: Total liabilities exceed total assets, signaling balance sheet insolvency.
• Extremely low liquidity: Current assets of only £237 against current liabilities of £360 suggest poor short-term cash availability.
• Heavy long-term debt: Creditors falling due after more than one year total £493,537, a large obligation for a micro-entity with minimal working capital.

3. Positive Indicators:

• No overdue filings: Accounts and confirmation statements are up to date, indicating regulatory compliance to date.
• Directors appear engaged: Both directors have held appointments since incorporation and have signed off on accounts.
• Small employee base (2 employees): Limited payroll obligations may reduce operational overhead in the short term.

4. Due Diligence Notes:

• Review the nature and terms of the long-term creditors (£493,537) to understand repayment schedules and any security interests.
• Investigate cash flow statements or bank records to assess actual liquidity and whether the company is generating positive operating cash flow.
• Evaluate the business model and revenue streams given the SIC code 68209 (letting and operating own/leased real estate) to confirm sustainability and asset utilization.
• Confirm no director disqualifications or related-party transactions that could impair governance or financial integrity.