Company Number: 15436176

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

1. Risk Rating: HIGH
   The company shows significant net liabilities and negative net current assets shortly after incorporation, indicating a high solvency risk.

2. Key Concerns:

• Negative Net Assets: The company reported net liabilities of £29,296 as of 31 March 2025, with current liabilities exceeding current assets by £28,993.
• Liquidity Deficit: Current liabilities are £29,486 while current assets stand at only £493, raising serious concerns about the company's ability to meet short-term obligations.
• Early Stage with Operating Losses: Incorporated in January 2024, the company has not demonstrated operational profitability or asset accumulation within the first reporting period, highlighting potential sustainability issues.

3. Positive Indicators:

• Directors’ Support: The directors have formally agreed to support the company as necessary, which may mitigate immediate going concern risks.
• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue submissions, indicating good regulatory compliance.
• Clear Ownership and Management: Two directors with equal shareholding and voting rights provide clear governance structure without apparent conflicts.

4. Due Diligence Notes:

• Investigate the nature and breakdown of the current liabilities to understand their origin and due dates.
• Review directors’ plans and financial support commitments to assess the viability of continuing operations and funding needs.
• Obtain detailed profit and loss information for the period to evaluate operational performance and cash flow dynamics.
• Explore the business model and market positioning given the SIC code for software development, to assess growth potential and competitive risks.
• Confirm the status and reliability of the website and any customer or revenue pipelines.