Company Number: 13145190

Analysis Date: 2025-07-20 15:38 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant solvency and liquidity concerns evidenced by negative net current assets (£-8,424) and negative shareholders' funds (£-6,780) as of the latest financial year end (31 March 2024). This deterioration from a previously positive net asset position in 2023 indicates financial distress.

2. Key Concerns:

• Solvency Risk: The company’s net liabilities position signals an inability to meet its obligations from its current asset base without external support or capital injection.
• Liquidity Issues: A sharp increase in current liabilities from £1,360 (2023) to £8,881 (2024) against a reduction in current assets suggests cash flow strains and potential difficulties in settling short-term debts.
• Operational Stability: The absence of employees and minimal fixed assets, combined with negative equity, raise questions about the sustainability of the business model and ongoing operations.

3. Positive Indicators:

• Compliance: The company is active, with no overdue filings for accounts or confirmation statements, indicating regulatory compliance to date.
• Steady Directorship: The same directors have been in place since incorporation, which may imply management stability.
• Micro-Entity Status: The company benefits from simplified accounting provisions, which reduces administrative burden.

4. Due Diligence Notes:

• Review detailed cash flow statements and management accounts to understand the causes of the increase in liabilities and negative working capital.
• Investigate any off-balance-sheet liabilities or contingent risks that may exacerbate the financial position.
• Assess the directors’ plans or intentions for recapitalisation or restructuring to restore solvency.
• Confirm whether the company has any ongoing contracts or client commitments that can provide future revenue streams.
• Evaluate the relationship and transactions with related parties, especially given the shared address of the directors.