Company Number: 15076535

Analysis Date: 2025-07-20 14:40 UTC

1. Risk Rating: HIGH
   The company shows net liabilities of £1,054 and negative shareholders’ funds shortly after incorporation, indicating a weak capital base and potential solvency concerns. The small asset base and liabilities exceeding assets suggest a high risk of inability to meet obligations.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: With net liabilities of £1,054, the company is technically insolvent on a balance sheet basis. This raises immediate concerns about solvency and ongoing viability.
• Limited Financial Resources: Current assets stand at merely £787 against current liabilities of £1,841, indicating negative working capital and potential liquidity strains.
• Early Stage and Limited Operating History: Incorporated in August 2023 with only one employee and micro entity financials, the company’s operational sustainability and business model remain unproven.

3. Positive Indicators:

• Compliance with Filings: The company has filed accounts and confirmation statements on time with no overdue filings, demonstrating regulatory compliance and good governance practices at this early stage.
• Clear Ownership and Control: Ownership and control are consolidated under a single director and shareholder, which can facilitate swift decision-making.
• Diverse SIC Codes Indicate Multiple Revenue Streams: The company’s activities (renting/leasing vehicles, taxi operations, other services, and retail) could provide multiple income sources once operational.

4. Due Diligence Notes:

• Investigate the nature and terms of the liabilities totaling £1,841 (both current and long-term) to understand their impact on cash flow and solvency.
• Review the business model and initial contracts or revenue streams to assess prospects for generating sufficient cash flow to cover liabilities.
• Confirm any related party transactions or loans that may be affecting the balance sheet and evaluate the director’s plans to recapitalize or restructure finances.
• Verify if there is any contingent liability or off-balance sheet commitments not disclosed in the micro-entity accounts.