Company Number: 14225228

Analysis Date: 2025-07-20 11:23 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns, with net current liabilities substantially exceeding current assets, indicating inability to meet short-term obligations. The negative net asset position confirms financial distress.

2. Key Concerns:

• Negative net current assets: Current liabilities (£10,068) exceed current assets (£1,227) by £8,841 as at 31 March 2024, worsening compared to prior years.
• Negative net assets/shareholders funds: The company’s balance sheet shows a net liability position of £8,841, a significant deterioration from previous years’ positive equity of £3,430.
• No employees and no fixed assets: The absence of employees and fixed assets raises questions about operational capacity and sustainability.

3. Positive Indicators:

• Compliance: The company is current with its statutory filing obligations; no overdue accounts or confirmation statements.
• Incorporation date: Being a relatively new entity (incorporated July 2022) may mean early-stage investment or development phase.
• Industry classification: Operating within "Other human health activities" (SIC 86900), which can offer stable demand depending on specific services.

4. Due Diligence Notes:

• Investigate the nature and cause of liabilities leading to negative working capital and net assets—are these trade payables, loans, or other debts?
• Clarify business model and revenue generation given zero employees and no fixed assets—does the company outsource operations or is it dormant operationally?
• Review cash flow statements and management accounts (not provided) to assess liquidity and operational cash generation.
• Assess directors’ plans to restore solvency or restructure liabilities.
• Confirm absence of related party transactions or contingent liabilities not reflected in micro-entity accounts.