Company Number: 13482383

Analysis Date: 2025-07-20 12:03 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and minimal current assets compared to significant liabilities, indicating solvency and liquidity risks.

2. Key Concerns:

• Negative Equity: Shareholders’ funds are negative (£-767 at 2024 year-end), reflecting accumulated losses or funding deficits.
• High Long-term Liabilities: Creditors due after one year stand at £206,128, substantially outweighing total assets, suggesting heavy debt burden.
• Minimal Current Assets vs. Liabilities: Current assets are very low (£5,252) relative to current liabilities (£206,128), indicating poor short-term liquidity and potential cash flow difficulties.

3. Positive Indicators:

• Consistent Asset Base: Fixed assets around £200k show tangible asset backing, likely real estate per SIC code 68209.
• No Overdue Filings: Compliance with filing deadlines for accounts and confirmation statements reduces regulatory risk.
• Single Director with Clear Control: A named director and a single PSC owning 75-100% may facilitate streamlined decision-making.

4. Due Diligence Notes:

• Clarify the nature and terms of the £206,128 creditors due after one year—are these loans, mortgages, or other obligations?
• Investigate the company’s cash flow statements and working capital management, as current assets are very low.
• Review any contingent liabilities or off-balance sheet commitments not disclosed.
• Assess the business model sustainability given zero employees and reliance on fixed assets for rental income.
• Confirm any guarantees or support from the sole PSC or associated entities.