Company Number: 13937996

Analysis Date: 2025-07-29 19:36 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits persistent net liabilities and negative shareholders' funds, indicating ongoing financial distress and insufficient capital to cover its obligations. Cash balances are minimal and declining, while current liabilities exceed current assets by a significant margin. The absence of employees and limited operational data further suggest limited business activity or scale.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: Over the past two years, the company has maintained a negative net asset position (-£2,422k in 2024), which points to insolvency risk if liabilities exceed assets and the company cannot meet creditor demands.
• Liquidity Constraints: The company's cash holdings are nominal (£109 in 2024), far below current liabilities (£2,531), indicating potential cash flow difficulties to meet short-term obligations.
• Operational Inactivity: The company reports zero employees and minimal turnover disclosure, which could mean limited operational activity and revenue generation, raising questions about business sustainability.

3. Positive Indicators:

• Up-to-date Filings: The company has no overdue accounts or confirmation statements, indicating compliance with statutory filing requirements.
• Single Director with Full Control: Mr. Erdal Aslan, who is also the sole significant controller, may facilitate swift decision-making without governance conflicts.
• Small Company Reporting Exemption: The use of Total Exemption Full accounts suggests it is classified as a small company, potentially limiting complexity and regulatory burden.

4. Due Diligence Notes:

• Investigate the nature of the company's business operations and revenue streams given the lack of employees and low reported cash balances.
• Review any related party transactions or financial support from the sole director or associated entities to assess ongoing funding arrangements.
• Confirm the status of creditor relationships and any overdue payments or disputes with trade creditors.
• Assess the reason for sustained losses and negative equity, including whether these relate to startup costs, investment in intangible assets, or other factors.
• Explore the strategic business plan, if any, to understand prospects for returning to profitability and solvency.