Company Number: 14114255

Analysis Date: 2025-07-29 21:04 UTC

1. Risk Rating: HIGH
   Justification: Express Force Limited exhibits significant negative net assets and working capital deficits, indicating an inability to cover short-term liabilities from current assets. The company is relatively new (incorporated 2022) and has not demonstrated financial stability or profitability, with net liabilities increasing from -£1,003 in 2023 to -£3,114 in 2024.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company’s net current liabilities stood at -£14,649 and net assets at -£3,114 as of May 2024, signaling solvency issues and potential difficulties in meeting obligations as they fall due.
• Limited Financial Disclosure and No Audit: Accounts are filed under micro-entity exemptions and unaudited, reducing transparency into underlying financial health and operational performance.
• Single Director and Shareholder Concentration: One individual (Grant William Esser) holds 75-100% control and is the sole director, which raises governance and operational risk, particularly given the financial weaknesses.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current with both annual accounts and confirmation statement filings, indicating regulatory compliance and no immediate governance red flags.
• Small Scale and Micro Entity Status: The company’s micro-entity classification limits complexity and filing obligations, which may be appropriate for its stage and scale.
• No Evidence of Insolvency Proceedings: The company is not in liquidation, administration, or receivership, suggesting operations have not yet ceased.

4. Due Diligence Notes:

• Investigate the nature of current liabilities—creditors, loans, or accruals—and whether there are overdue or disputed balances.
• Examine cash flow statements and management accounts (if available) to assess liquidity trends and operational cash generation.
• Clarify business model viability and revenue generation prospects given ongoing losses and negative equity.
• Review director’s background and track record, given sole control and financial distress signals.
• Confirm absence of undisclosed related-party transactions or contingent liabilities.