Company Number: NI678545

Analysis Date: 2025-07-20 12:14 UTC

1. Risk Rating: MEDIUM
   The company exhibits a modest positive net asset position but has significant net current liabilities, indicating potential short-term liquidity stress. The absence of profit and loss data limits insight into operational profitability, warranting cautious risk consideration.

2. Key Concerns:

• Negative net current assets of £146,363 as of April 2024 highlight cash flow constraints and potential difficulties meeting short-term liabilities promptly.
• Fixed assets of £169,974 are relatively large compared to equity (£23,131), suggesting the company may be asset-rich but cash-poor, increasing reliance on external financing or asset liquidity.
• The micro-entity status and small scale (2 employees) imply limited operational scale and potential vulnerability to market or tenant fluctuations in the real estate letting sector.

3. Positive Indicators:

• The company remains active with no overdue filings, demonstrating compliance with regulatory requirements and good governance practices.
• Net assets have increased from £12,917 in 2023 to £23,131 in 2024, indicating some growth in equity.
• Directors are experienced and hold significant control, which may facilitate swift decision-making and strategic direction.

4. Due Diligence Notes:

• Obtain and review the company’s profit and loss accounts or management accounts to assess operational profitability and cash flow trends.
• Investigate nature and terms of current liabilities to understand short-term obligations and potential refinancing risks.
• Evaluate tenant occupancy, lease terms, and real estate market conditions affecting asset utilization and income stability.
• Confirm absence of director disqualifications or legal proceedings that could affect governance.
• Review related party transactions given the directors’ substantial control and share ownership.