Company Number: 14928259

Analysis Date: 2025-07-20 18:06 UTC

1. Risk Rating: HIGH

The company demonstrates significant solvency and liquidity concerns, evidenced by negative net current assets and net liabilities. Given its recent incorporation and minimal financial activity, the business appears operationally fragile.

2. Key Concerns:

• Negative Net Current Assets and Net Liabilities: The balance sheet shows current assets of only £9 against current liabilities of £130, resulting in net current liabilities of £121 and total net liabilities of £421. This raises serious solvency risk.
• No Employee Base and Limited Operational History: With zero employees and incorporation in mid-2023, the company has extremely limited operational track record to assess sustainability.
• Accruals and Deferred Income Outweigh Assets: Accruals and deferred income of £300 further worsen the balance sheet position, indicating potential cash flow timing issues or unearned revenue liabilities.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are up to date, suggesting compliance with statutory requirements.
• Single Director and PSC Alignment: Clear ownership and control by one individual (Mr. Mohamed Iqbal Ibrahim) may facilitate streamlined decision-making.
• Active Website and Contact Details: Presence of a live website and active contact information indicates some level of business activity and customer outreach.

4. Due Diligence Notes:

• Investigate Nature and Terms of Liabilities: Clarify the composition of current liabilities and accruals to understand timing and risk of cash outflows.
• Review Cash Flow Projections and Funding Sources: Assess how the company intends to address negative working capital and fund ongoing operations.
• Examine Business Model and Revenue Generation: Given the micro-entity size and no employees, verify how the company is generating revenue and its sustainability.
• Confirm Director’s Financial Support or Guarantees: Determine if the sole director is providing personal financial backing to mitigate solvency risk.
• Check for Any Pending Regulatory or Legal Issues: Although no red flags appear in filings, confirm absence of any undisclosed disputes or compliance issues.