Company Number: 12807480

Analysis Date: 2025-07-19 12:32 UTC

1. Risk Rating: HIGH

   Justification: The company exhibits a dramatic decline in net assets from £32,598 in 2021 to only £2,506 in 2024, alongside a significant reduction in current assets and net current assets. This rapid erosion of financial resources raises serious concerns about solvency and liquidity. The absence of employees and minimal share capital further indicate limited operational capacity and capital base.

2. Key Concerns:

   • Severe Financial Deterioration: Net assets have fallen sharply over three years, from £32,598 (2021) to £2,506 (2024), indicating potential losses or asset disposals that threaten the company's ability to meet obligations.

   • Low Liquidity: Current assets dropped from £48,927 (2021) to £766 (2024), with current liabilities remaining present, suggesting tight cash flow and potential difficulties in covering short-term liabilities.

   • Operational Viability: The company reported zero employees in both 2023 and 2024, which may imply limited or no ongoing business activities, putting sustainability in question.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with accounts and confirmation statement filings, with no overdue returns or accounts.

   • Active Status and Website: The company is active and maintains an operational website, indicating some ongoing business presence.

   • No Indication of Insolvency Procedures: The company is not in liquidation, administration, or receivership.

4. Due Diligence Notes:

   • Investigate Causes of Financial Decline: Detailed review of income statements, cash flow statements, and notes to accounts to understand reasons behind asset reductions and losses.

   • Assess Business Operations: Confirm whether the company is trading, given zero employees and minimal current assets; review contracts, customer base, and revenue streams.

   • Scrutinize Director's Plans and Funding: Understand management’s strategy to restore financial health and confirm availability of external funding or shareholder support.

   • Review Related Party Transactions: Check for any transactions with related parties that may affect financial position.

   • Evaluate Industry and Market Conditions: Considering the SIC code 38110 (collection of non-hazardous waste), assess external factors impacting business viability.