Company Number: 12427589

Analysis Date: 2025-07-20 12:23 UTC

1. Risk Rating: HIGH
   The company consistently shows a very thin equity base (£100 shareholder funds) against current liabilities nearly equal to fixed assets, resulting in significant negative net current assets (£-182,048). This indicates solvency and liquidity concerns.

2. Key Concerns:

• Negative Working Capital: Current liabilities are almost equal to the fixed asset value, with no current assets reported, suggesting inability to meet short-term obligations.
• Minimal Equity Cushion: Shareholders’ funds remain at a nominal £100 over multiple years, indicating no retained earnings or capital injections to improve financial stability.
• No Operating Activity or Employees: The company reports zero employees and no indication of revenue or profit, raising questions about operational sustainability.

3. Positive Indicators:

• Compliance with Filings: All accounts and confirmation statements are filed on time, indicating good regulatory compliance.
• Stable Fixed Assets: The company holds fixed assets valued consistently around £182,148, which may represent real estate holdings aligned with its SIC code for property letting.
• Single Experienced Director and PSC: The same individual has been director and sole significant controller since incorporation, which may provide consistent management oversight.

4. Due Diligence Notes:

• Investigate the nature and liquidity of the fixed assets (property types, market values, encumbrances).
• Clarify the absence of current assets and whether any cash or receivables exist off-balance sheet.
• Understand the source and terms of current liabilities; verify if these are loans, trade payables, or related party debts.
• Verify if the company generates any operational income or relies on external funding.
• Assess the director’s plans for addressing the negative working capital and long-term viability.
• Confirm no outstanding regulatory or legal issues beyond filings, given clean compliance history.