Company Number: 13242826

Analysis Date: 2025-07-20 19:03 UTC

1. Risk Rating: MEDIUM
   The company shows improving net asset position but continues to have significant net current liabilities, indicating potential liquidity risk. The business is asset-heavy with considerable long-term liabilities, which poses solvency considerations.

2. Key Concerns:

• Negative Net Current Assets: Consistent net current liabilities above £100k suggest liquidity constraints to meet short-term obligations.
• High Long-Term Creditors: Over £312k in liabilities due after more than one year may pressure solvency if asset realizations or income streams are insufficient.
• No Employees and Limited Operational Activity: The absence of employees and minimal turnover information raises questions about operational sustainability and revenue generation.

3. Positive Indicators:

• Improved Net Assets: Transition from a negative net asset position of £-6,980 in 2023 to positive £6,274 in 2024 indicates some strengthening of financial health.
• Stable Fixed Asset Base: Fixed assets remain consistent at approximately £423k, supporting the company’s real estate investment activities.
• Compliance with Filing Requirements: No overdue accounts or confirmation statements reflect good regulatory compliance.

4. Due Diligence Notes:

• Verify the nature and terms of the long-term creditors to assess repayment risks and covenants.
• Review cash flow statements (if available) to understand operational liquidity and funding sources.
• Investigate revenue streams and business model sustainability given the zero employees and asset-heavy balance sheet.
• Confirm any contingent liabilities or off-balance sheet risks not disclosed in micro-entity filings.
• Assess director and PSC background for any governance or reputational risks (no disqualifications noted here).