Company Number: 14075795

Analysis Date: 2025-07-29 13:03 UTC

1. Risk Rating: HIGH
   The company exhibits a significant solvency risk with substantial negative net assets and liabilities far exceeding current assets. The persistent and growing deficit in shareholders' funds indicates financial distress.

2. Key Concerns:

• Severe Negative Net Assets: Net liabilities increased from approximately £317k in 2022 to £358k in 2023, reflecting deteriorating financial health.
• Excessive Long-Term Creditors: Creditors due after one year stand at around £330k, which is very high relative to the company’s minimal current assets (£798) and cash (£690).
• Minimal Liquidity and Working Capital Deficiency: The company’s net current assets are negative (−£28k in 2023), indicating potential cash flow constraints and inability to meet short-term obligations.

3. Positive Indicators:

• Compliance with Filings: The company’s accounts and confirmation statements are up to date and not overdue, indicating regulatory compliance.
• Active Website and Market Presence: The company maintains an active website with contact information, suggesting ongoing business operations.
• Single Director with Full Control: Clear ownership structure with Mr. Mark Collins holding 75–100% shares and voting rights, potentially enabling swift decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of the large long-term creditors (£330k) to assess repayment obligations and potential restructuring.
• Review cash flow forecasts and business plans to determine how the company intends to address ongoing losses and negative equity.
• Examine any contingent liabilities or off-balance sheet risks not disclosed in the accounts.
• Confirm whether the company has access to additional financing or capital injections given its current financial position.