Company Number: 13549683

Analysis Date: 2025-07-20 17:45 UTC

1. Risk Rating: HIGH
   The company shows persistent net liabilities and negative shareholders' funds, indicating solvency concerns. Significant long-term liabilities exceeding fixed assets and negative working capital suggest liquidity issues.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities increased from -£16,734 in 2023 to -£26,650 in 2024, indicating deteriorating equity and financial health.
• High Long-term Creditors: Creditors due after more than one year stand at £296,674, surpassing fixed assets of £299,800, which may indicate reliance on debt financing and potential refinancing risk.
• Negative Net Current Assets: Working capital is negative (£-29,776 in 2024), implying the company may struggle to meet short-term obligations from current assets.

3. Positive Indicators:

• Compliance: The company is active, has no overdue filings for accounts or confirmation statements, and complies with micro-entity reporting standards.
• Stability of Fixed Assets: Fixed assets have been stable at £299,800 over the last three years, suggesting some level of asset base continuity.
• Single Director Control: The sole director and 100% shareholder, Mr. Rabe Fauzi, suggests centralized decision-making which can simplify governance and responsiveness.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors (e.g., loans, related party debt) to assess repayment risk and covenants.
• Review cash flow statements or internal management accounts since micro-entity accounts omit profit and loss details, limiting insight into operational performance.
• Assess plans or strategies by management to improve solvency and liquidity, including capital injections or asset sales.
• Confirm absence of director disqualifications or regulatory compliance issues given sole director status.
• Clarify the business model under SIC code 68209 and market prospects for the real estate letting operations.