Company Number: 13270209

Analysis Date: 2025-07-20 17:00 UTC

1. Risk Rating: HIGH
   The company shows persistent and material negative net assets and shareholders’ funds, with liabilities exceeding current assets by a significant margin. This indicates solvency concerns and an inability to meet obligations from available resources.

2. Key Concerns:

• Solvency risk: Net liabilities of £9,787 as of 31 March 2024, worsening from previous years, indicate erosion of equity and potential insolvency risk.
• Liquidity issues: Cash on hand is minimal (£578), while current liabilities are £6,791, resulting in negative working capital of £6,213, highlighting a short-term cash flow problem.
• Operational viability: The company has no employees and minimal assets, suggesting limited operational activity or scalability. The persistence of negative reserves and reliance on trade creditors may threaten ongoing business continuity.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue reports or penalties, indicating good regulatory compliance.
• Small company exemption: Filing under the total exemption full accounts and small companies regime reduces reporting burden and suggests the company remains within size thresholds.
• Stable directorship: Single director appointed since incorporation with no indication of disqualification or governance issues.

4. Due Diligence Notes:

• Investigate the nature and terms of the trade creditors, especially those falling due after one year (£3,574), to understand creditor exposure and repayment capabilities.
• Review management plans or strategies to address the negative equity position and liquidity shortfalls, including any capital injections or restructuring efforts.
• Confirm whether the company is actively trading or dormant operationally despite being legally active, as no employees and minimal assets may indicate very limited business activity.