Company Number: 13810747

Analysis Date: 2025-07-20 15:47 UTC

1. Risk Rating: HIGH
   Justification: The company shows significant net current liabilities (£136,814) as of its first reported period ending December 2022, indicating an inability to cover short-term debts with current assets. Negative shareholders’ funds of the same amount confirm an insolvent balance sheet position. The limited financial history and absence of profit and loss information restrict visibility on operational performance and cash flows.

2. Key Concerns:

• Insolvency indicators: Net current liabilities and negative equity suggest solvency risk and potential challenges meeting obligations.
• Limited financial data: Only one period of accounts filed, unaudited, prepared under micro-entity regime, with no profit and loss disclosure, reducing transparency on business viability.
• Concentration of control: A single LLP owns 75-100% of shares and voting rights, potentially limiting governance independence and oversight.

3. Positive Indicators:

• Compliance status: No overdue filings for accounts or confirmation statements, indicating adherence to statutory requirements.
• Experienced management: Directors include multiple chartered and certified accountants, suggesting professional financial oversight.
• Established parent: Ownership by Gerald Edelman LLP, a firm with historical presence since 1946, may provide operational support or resources.

4. Due Diligence Notes:

• Obtain updated and more comprehensive financial statements, including profit and loss, cash flow, and subsequent periods to assess operational sustainability and liquidity trends.
• Review intercompany transactions with Gerald Edelman LLP and any guarantees or financial support arrangements.
• Investigate the nature of the £151k current liabilities to determine timing, counterparties, and likelihood of collection or restructuring.