Company Number: 14120473

Analysis Date: 2025-07-29 16:59 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and net current liabilities, indicating solvency and liquidity concerns. The financial position is deteriorating, with shareholders’ funds declining further into negative territory.

2. Key Concerns:

• Negative Net Current Assets: The company holds £6,481 in current assets against £240,756 in current liabilities, resulting in a net current liability of £234,275, which presents a substantial liquidity risk.
• Negative Shareholders’ Funds: At -£5,388, the equity position is negative and has worsened since the previous year, suggesting ongoing losses or capital erosion.
• No Employees and Limited Activity: The company reports zero employees and minimal current assets, which may question operational sustainability and revenue generation capability.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time with no overdue filings, indicating regulatory compliance and management attention to statutory duties.
• Fixed Assets held: The company has significant fixed assets (£228,887) relative to its size, which may provide some collateral or value to support operations or financing.
• Stable Directorship: The same two directors have been in place since incorporation with no changes, supporting continuity in management.

4. Due Diligence Notes:

• Investigate the nature and condition of fixed assets to assess realizable value or potential for generating income.
• Review cash flow statements or management accounts (if available) to understand short-term liquidity and operational cash flow.
• Confirm the business model and revenue sources given zero employees and negative working capital to assess sustainability.
• Assess any contingent liabilities or creditor pressures given large current liabilities relative to assets.
• Review director backgrounds for any red flags, although current data shows no disqualifications.