Company Number: 13667415

Analysis Date: 2025-07-20 11:33 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks, with negative net current assets and shareholders’ funds worsening over three years. The balance sheet shows persistent net liabilities and increased current liabilities relative to assets, indicating potential financial distress.

2. Key Concerns:

• Negative Net Current Assets: The company’s current liabilities (£106,639) exceed current assets (£86,973) by £19,666 in 2024, a deterioration from prior years, signaling potential liquidity issues to meet short-term obligations.
• Persistent Net Liabilities: Shareholders’ funds are negative (£-19,666 in 2024), indicating accumulated losses and erosion of equity which threatens solvency and investor value.
• Rising Creditors: The increase in trade and other creditors from £63,023 in 2023 to £106,639 in 2024 suggests growing operational payables that may strain cash flow.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date, indicating compliance with regulatory filing requirements.
• Stable Employee Base: The company employs 2 persons consistently, suggesting operational continuity.
• Sole Director with Clear Control: Mr Mohammad Tamim owns 75-100% shares and controls the company, facilitating swift decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of the £106,639 current liabilities and their maturity profiles.
• Review cash flow statements (not provided) to assess operational cash generation or dependence on external funding.
• Examine turnover and profitability trends to determine if losses are operational or one-off in nature.
• Assess any contingent liabilities or related party transactions given sole director control.
• Clarify whether the company has plans or access to capital to address negative equity and liquidity gaps.