Company Number: 13660628

Analysis Date: 2025-07-20 17:55 UTC

1. Risk Rating: HIGH
   Justification: The company’s latest financials show net current liabilities of £7,606, indicating an inability to cover short-term obligations with current assets. This negative working capital is a significant solvency concern for a micro-entity. Additionally, the company is relatively new (incorporated 2021) with minimal operational history and limited financial data, increasing uncertainty about sustainability.

2. Key Concerns:

• Negative net current assets (£-7,606) as at 31 October 2023 suggest potential liquidity stress and difficulty meeting immediate liabilities.
• Frequent changes and short tenures in directorship within a short timeframe may imply instability in management or governance.
• Limited operational scale indicated by a single employee and micro-entity status restricts capacity for growth and resilience against market shocks.

3. Positive Indicators:

• The company has filed accounts and confirmation statements on time, reflecting compliance with statutory filing requirements and no apparent regulatory issues.
• The presence of a current director with recent appointment suggests ongoing management oversight.
• Shareholder control appears concentrated, potentially enabling decisive governance.

4. Due Diligence Notes:

• Review cash flow statements or bank statements if available to confirm liquidity position beyond balance sheet snapshots.
• Investigate reasons behind director resignations and appointments to assess management stability and strategic direction.
• Examine business model viability given the retail internet sales SIC code and micro-scale operations.
• Confirm no hidden contingent liabilities or overdue taxes that could exacerbate financial risks.