Company Number: 13645611

Analysis Date: 2025-07-29 12:42 UTC

1. Risk Rating: HIGH
   The company shows a consistent negative net asset position (–£12,250) over multiple years, indicating insolvency on a balance sheet basis. This raises significant concerns about its ability to meet obligations and sustain operations.

2. Key Concerns:

• Negative Net Assets: The balance sheet repeatedly reports net liabilities of £12,250, reflecting that current liabilities exceed current assets. This suggests solvency risk and potential financial distress.
• No Employees and Limited Activity: The company reports zero employees and minimal financial movement, which may indicate limited operational activity and reliance on the director or external contractors.
• Single Director and Shareholder Control: One individual controls 100% of shares and voting rights, which may present governance risks and limited oversight.

3. Positive Indicators:

• Timely Filings: All accounts and confirmation statements are filed on time with no overdue notices, demonstrating compliance with statutory requirements.
• Micro-Entity Status: Being a micro-entity means lower compliance costs and simplified reporting, which may help manage administrative burdens.
• Active Status: The company remains active and not in liquidation or administration, indicating it has not yet entered formal insolvency processes.

4. Due Diligence Notes:

• Investigate the nature and scale of business operations given the SIC codes relate to diverse and potentially low-margin activities (retail via internet and other services).
• Clarify reasons behind persistent negative net assets and whether there are plans or capital injections intended to restore solvency.
• Assess cash flow and funding sources since no detailed profit & loss data is available; limited assets and liabilities data restrict liquidity analysis.
• Understand the director’s strategy and any related party transactions given full control and foreign residency of the director.
• Confirm whether the company has contingent liabilities or pending obligations not reflected in the micro-entity accounts.