Company Number: 15169828

Analysis Date: 2025-07-20 19:15 UTC

1. Risk Rating: HIGH
   The company shows negative net assets and net current assets within its first financial year, indicating an immediate solvency concern. With minimal current assets (£1,511) and current liabilities exceeding that (£1,583), liquidity is also strained. The micro-entity status and startup phase limit available financial history for more confident assessment.

2. Key Concerns:

• Negative net assets (£-172) and net current assets (£-72) suggest the company is currently insolvent on a balance sheet basis.
• The company has operated for just over one year, with limited operational history and only one employee, which increases operational risk and uncertainty regarding sustainability.
• The director is the sole significant controller, concentrating risk and potentially limiting governance robustness.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating regulatory adherence.
• The company is active and has a working website with contact details, showing operational presence in its retail niche.
• The director has formally approved the accounts, demonstrating awareness of statutory responsibilities.

4. Due Diligence Notes:

• Investigate the nature and repayment terms of current liabilities to understand short-term obligations and liquidity pressures.
• Review cash flow projections and business plan to assess how the company intends to improve financial position and achieve sustainability.
• Assess the background and experience of the sole director to evaluate operational management capability and governance practices.
• Monitor for any subsequent filings or disclosures that might indicate capital injections or restructuring efforts.