Company Number: 12384937

Analysis Date: 2025-07-20 11:41 UTC

1. Risk Rating: HIGH
   The company exhibits a sustained negative net asset position, worsening current liabilities relative to minimal current assets, and no employees, indicating significant solvency and liquidity risk.

2. Key Concerns:

• Negative net assets of £1,223 as of 31 January 2024, indicating insolvency on a balance sheet basis.
• Net current liabilities of £834 and very low current assets (£1), suggesting severe liquidity constraints.
• Consistently negative shareholders’ funds since incorporation with no evidence of capital injection or profitability improvement.

3. Positive Indicators:

• The company is current on statutory filings (accounts and confirmation statement), reflecting regulatory compliance.
• No off balance sheet liabilities disclosed, reducing hidden contingent liability risk.
• Director is clearly identified and has maintained control and oversight since formation.

4. Due Diligence Notes:

• Investigate the underlying cause of persistent losses and negative equity to assess operational viability.
• Review cash flow statements and creditor aging to verify liquidity position beyond balance sheet snapshots.
• Confirm whether any contingent liabilities or related party transactions exist that may impact financial stability.
• Assess the business model and market environment within the physical well-being activities sector (SIC 96040) for sustainability prospects.