Company Number: 13791806

Analysis Date: 2025-07-20 17:09 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets and net current assets as of the latest accounts, indicating insolvency on a balance sheet basis. The absence of fixed assets and a declining current asset base heighten concerns about its ability to meet liabilities.

2. Key Concerns:

• Negative net assets: The company reported net assets of -£1,231 at 31 December 2023, deteriorating from -£1,131 in 2022, signaling ongoing capital erosion.
• Liquidity risk: Current assets reduced to zero in 2023 from £1,808 in 2022 while current liabilities remain at £1,231, indicating potential cash flow constraints.
• Limited operational scale: The company is a micro-entity with only one employee and minimal financial data, raising questions on business sustainability and scale.

3. Positive Indicators:

• Compliance: The company is current on both accounts and confirmation statement filings with no overdue returns or penalties.
• Sole director control: The sole director and 100% owner has consistent involvement since inception, which may support decision-making agility.
• No signs of formal insolvency: The company is active and not in liquidation, administration, or receivership, suggesting it is still operating despite financial challenges.

4. Due Diligence Notes:

• Investigate cash flow sources and timing: Clarify how the company funds operational costs given zero current assets at year-end.
• Review business model viability: Understand revenue streams, client base, and profitability prospects in the mortgage finance sector.
• Director background and plans: Assess the director’s experience, future strategy, and capacity to restore positive equity and liquidity.