Company Number: 12777619

Analysis Date: 2025-07-20 18:35 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and net current liabilities over multiple years, with turnover at zero for the last three years, indicating ongoing operational and financial distress.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company had net assets of -£1,602 and net current liabilities of -£3,449 as of the latest accounts, showing a weak balance sheet and inability to cover short-term obligations.
• No Revenue Generation: Turnover has been zero for the last three financial years, raising serious doubts about the company’s operational viability and sustainability.
• Minimal Share Capital and Absence of Employees: Share capital is only £1.00, and the company reports zero employees, suggesting a lack of investment and operational scale which may limit ability to generate future income.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current with its accounts and confirmation statement filings, indicating good regulatory compliance and governance in this regard.
• No Indications of Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership, which could indicate potential to restructure or continue operations.
• Director Stability: There is a single director who has been in place since incorporation with no recorded disqualifications or compliance issues.

4. Due Diligence Notes:

• Investigate the reason behind zero turnover for the past three years despite the company being active and having fixed assets.
• Assess the nature and recoverability of fixed assets (£1,847) and examine creditor arrangements given persistent negative working capital.
• Review any related party transactions, contingent liabilities, or off-balance sheet commitments not disclosed in the micro-entity accounts.
• Confirm the company’s business plan or strategy for returning to profitability or managing liabilities.
• Verify the director’s capacity and resources to support the company given the minimal financial base.