Company Number: 15260457

Analysis Date: 2025-07-29 12:51 UTC

1. Risk Rating: HIGH
   The company shows significant net liabilities (£-9,702) with current liabilities far exceeding current assets by £10,418. This indicates an immediate solvency concern and potential liquidity issues to meet short-term obligations.

2. Key Concerns:

• Negative net current assets: The company’s current liabilities (£11,309) substantially exceed current assets (£891), implying cash flow constraints and difficulty in meeting debts as they fall due.
• Negative shareholders’ funds: The entire equity is negative, driven by accumulated losses (£-9,703), suggesting the company is currently undercapitalized and financially distressed.
• Very low cash balance: Only £21 in cash at year end raises significant liquidity risk for ongoing operations and creditor payments.

3. Positive Indicators:

• No overdue filings: The company is in compliance with statutory filing deadlines, which reflects governance discipline and regulatory compliance.
• Sole director and PSC alignment: The single director and person of significant control are the same individual, which may facilitate decisive management action.
• Recent incorporation: Incorporated in November 2023, the company is in an early stage and may still be investing in establishing operations.

4. Due Diligence Notes:

• Investigate the nature of the large “other creditors” (£11,285) to understand payment terms, creditor identity, and risk of enforcement actions.
• Clarify the business model and revenue generation timeline, as turnover figures are not disclosed and the company shows no significant assets beyond computer equipment.
• Review director’s plans for financial recovery or capital infusion given the negative equity and working capital deficit.
• Confirm absence of related-party transactions or contingent liabilities that could worsen solvency.