Company Number: 14062311

Analysis Date: 2025-07-19 12:42 UTC

1. Risk Rating: HIGH

The company’s financial position as of April 2024 shows significant deterioration, with net current liabilities of £3,973 and negative shareholders’ funds of the same amount, indicating insolvency risk. The operating loss and minimal turnover relative to liabilities raise concerns about the company’s ability to meet obligations.

2. Key Concerns:

• Negative net assets and net current liabilities in the latest period, suggesting inability to cover short-term debts.
• Minimal turnover (£31 in 2024 vs. £1,615 in previous year) accompanied by continued operating losses (£7,146 loss), pointing to poor operational performance and revenue generation.
• Reliance on a single director and shareholder with 75-100% control may pose governance and succession risks.

3. Positive Indicators:

• The company is compliant with filing deadlines; accounts and confirmation statements are up to date and not overdue.
• The company is small (micro entity) with limited fixed assets and employee count, which may limit complexity and overhead.
• No apparent off-balance sheet liabilities or related party transactions disclosed.

4. Due Diligence Notes:

• Investigate the nature of the current liabilities of £4,041 to understand creditor exposure and payment terms.
• Clarify the business model and revenue prospects given the steep drop in turnover and ongoing losses.
• Assess any potential director loans or related party transactions not disclosed in the accounts.
• Review cash flow forecasts and working capital management strategies going forward.
• Confirm if any contingent liabilities or regulatory risks exist beyond the disclosed financials.