Company Number: 14367621

Analysis Date: 2025-07-29 13:53 UTC

1. Risk Rating: HIGH
   Justification: The company reports negative net current assets and net assets of £13,689, indicating a balance sheet deficit. This suggests insolvency risk as liabilities exceed assets. The lack of employees and minimal financial data further raises concerns about operational scale and sustainability.

2. Key Concerns:

• Negative net assets and net current assets point to potential insolvency and inability to meet obligations.
• No employees and minimal activity imply limited operational capacity and revenue generation.
• Frequent changes and resignations of directors within a short period may indicate governance instability.

3. Positive Indicators:

• The company is current with statutory filings, with no overdue accounts or confirmation statements.
• Presence of a majority shareholder (75-100% ownership) suggests concentrated control which could facilitate decision-making.
• The company is relatively new (incorporated Sept 2022), so financial shortcomings may reflect startup phase rather than long-term distress.

4. Due Diligence Notes:

• Investigate the nature of liabilities leading to negative net assets: Are these trade payables, loans, or accrued expenses?
• Review cash flow statements or bank statements (if available) to assess liquidity and ability to pay short-term debts.
• Clarify business model and revenue streams given the SIC code for real estate letting and no employees reported.
• Understand reasons for multiple director resignations in the first 18 months of operation.
• Confirm whether the company has any ongoing litigation, regulatory issues, or contingent liabilities.