Company Number: 14458205

Analysis Date: 2025-07-29 12:10 UTC

1. Risk Rating: HIGH
   The company shows a negative net current assets position (£-2,047) and negative shareholders' funds (£-2,148) as at 31 March 2024, indicating insolvency on a balance sheet basis. The level of current liabilities exceeds current assets, raising concerns about the company's ability to meet short-term obligations.

2. Key Concerns:

• Negative net working capital: Current liabilities (£5,133) exceed current assets (£3,086), indicating potential liquidity issues.
• Negative equity position: Shareholders’ funds are negative, implying accumulated losses or funding shortfalls.
• No employees and early-stage: Incorporated in late 2022 with no employees and limited operational history, raising questions on operational sustainability and revenue generation.

3. Positive Indicators:

• No overdue filings: Both accounts and confirmation statement are filed on time, reflecting compliance with statutory requirements.
• Single controlling party with investment background: Director and sole significant controller is an Investment Director, suggesting some level of professional oversight.
• Cash on hand: Company holds £2,678 in cash, which may provide some short-term liquidity buffer.

4. Due Diligence Notes:

• Investigate the nature and timing of the current liabilities, especially the directors’ current accounts (£3,633), to understand whether these are loans or trade creditors.
• Review turnover and revenue generation details which are not disclosed, to assess operational viability.
• Confirm if there are any plans or capital injections intended to address the negative equity and working capital position.
• Verify if the company has any contingent liabilities or pending legal or regulatory issues not disclosed in the accounts.
• Assess the director’s intentions and strategy given the early stage and financial position.