Company Number: 15196307

Analysis Date: 2025-07-29 15:31 UTC

1. Risk Rating: HIGH
   The company shows net liabilities and negative shareholder funds within its first financial year, indicating immediate solvency concerns and an inability to meet current liabilities from available assets.

2. Key Concerns:

• Negative net current assets of approximately £81k reflect liquidity risk and potential cash flow constraints.
• Net liabilities of £3,771 indicate the company’s total liabilities exceed its assets, raising solvency questions.
• The company is newly incorporated (October 2023) with limited operational history and minimal financial data, making operational sustainability uncertain.

3. Positive Indicators:

• The company is compliant with filing obligations; accounts and confirmation statements are up to date with no overdue filings.
• Directors and persons with significant control are clearly identified, showing transparency in governance.
• The business operates in the vehicle rental and used car sales sector, which can be scalable with proper capital and market conditions.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities, especially what drives such a high level relative to current assets.
• Review cash flow forecasts or management accounts to understand short-term liquidity management and working capital needs.
• Assess the business plan and capital structure given negative equity and early stage status to evaluate prospects for financial stability and growth.
• Confirm the reasons for director resignations shortly after incorporation and whether this affects governance or operational continuity.