Company Number: 13660804

Analysis Date: 2025-07-20 17:48 UTC

1. Risk Rating: HIGH
   The company exhibits minimal net assets (£11 at year-end 2023) and very limited working capital, indicating a fragile financial position. The negligible equity base and current liabilities nearly equalling current assets suggest potential challenges meeting obligations.

2. Key Concerns:

• Thin Net Asset Base: Net assets increased only marginally from £2 in 2022 to £11 in 2023, reflecting very limited financial cushion against liabilities.
• Minimal Operating Activity: Zero employees and consistent prepayments nearly equal to current assets imply minimal operational scale or possible accounting of deposits rather than revenue-generating assets.
• Lack of Audited Accounts and Limited Disclosure: Filing under micro-entity provisions limits financial detail, reducing transparency and making thorough risk assessment difficult.

3. Positive Indicators:

• Current Filing Compliance: Both accounts and confirmation statements are filed on time with no overdue filings, reflecting good regulatory compliance.
• Active Status with No Insolvency Proceedings: The company is active and not subject to liquidation, administration, or receivership, which is a positive governance indicator.
• Clear Ownership and Control: The single director and majority shareholder are identified with no known disqualifications, reducing governance risk.

4. Due Diligence Notes:

• Investigate the nature of current assets labeled as prepayments/accrued income to understand liquidity and operational cash flow.
• Confirm business trading activity given zero employees and micro-entity status to assess sustainability.
• Review any off-balance sheet liabilities or contingent risks not disclosed in micro-entity accounts.
• Assess director’s plans for capital injection or business development given minimal equity and net assets.
• Verify absence of related party transactions or financial support arrangements with the sole shareholder.