Company Number: 13099757

Analysis Date: 2025-07-20 15:39 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with negligible cash balances and growing director loans indicating reliance on insider financing. Operational data show no employees and minimal activity, raising questions about business sustainability.

2. Key Concerns:

• Severe Cash Shortage: Cash at bank is consistently reported as £1 over the last three years, insufficient to meet any short-term obligations without ongoing director loans.
• Increasing Director Loans: The creditors section shows director loans growing from £2,085 in 2022 to £4,129 in 2023, highlighting dependency on directors to fund operations, which is a red flag for financial stability.
• Overdue Confirmation Statement: The company has an overdue statutory filing (confirmation statement due 2023-09-08), indicating potential governance or compliance issues.

3. Positive Indicators:

• No Overdue Accounts Filing: The latest accounts were filed on time, with the next due date not yet passed, suggesting some compliance with financial reporting.
• Net Current Assets Positive: Despite cash shortages, net current assets and net assets have increased (from £815 to £1,596), primarily due to the director loans being recorded as liabilities. This technically keeps the balance sheet solvent.
• No Employees: While zero employees raise operational concerns, it also means low fixed costs, potentially reducing cash burn.

4. Due Diligence Notes:

• Investigate the nature and terms of director loans to assess the sustainability and risk of repayment demands.
• Clarify the company’s business model and revenue generation, given zero employees and minimal cash.
• Review the overdue confirmation statement and any potential penalties or regulatory actions.
• Verify if the company is currently trading or dormant, as the accounts show minimal activity and no profit and loss information filed.
• Confirm if there are any contingent liabilities or off-balance-sheet obligations not disclosed.