Company Number: 12761909

Analysis Date: 2025-07-29 13:46 UTC

1. Risk Rating: HIGH
   Justification: The company’s financial position shows net liabilities and negative shareholders’ funds as of the latest year-end, indicating solvency challenges. The drastic decline in net assets from £14 in 2023 to -£264 in 2024 is a key concern, despite minimal current liabilities reported. The absence of employees and very low current assets further exacerbate liquidity and operational sustainability risks.

2. Key Concerns:

• Negative shareholders’ funds and net liabilities as of 31 July 2024, signaling potential insolvency risk.
• Current assets have decreased significantly from £1,327 in 2023 to £198 in 2024, raising liquidity concerns.
• No employees and no apparent operational scale suggest limited business activity or growth prospects, which may threaten ongoing viability.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating good regulatory adherence.
• The director has remained stable since incorporation with no reported disqualifications or governance issues.
• The company benefits from micro-entity accounting provisions, reducing administrative burden.

4. Due Diligence Notes:

• Investigate the causes behind the sharp decline in net assets and current assets over the last financial year.
• Clarify the company’s business model and revenue streams given the lack of employees and minimal reported assets.
• Review any off-balance sheet liabilities or contingent risks not disclosed in the micro-entity accounts.
• Confirm whether the company has access to external financing or shareholder support to remedy the negative equity position.