Company Number: 13045418

Analysis Date: 2025-07-20 12:25 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and net current liabilities as at the latest financial year end, indicating potential solvency concerns. The company’s accumulated losses have eroded shareholder funds, and current liabilities substantially exceed current assets.

2. Key Concerns:

• Negative net assets of £7,500 and net current liabilities of the same amount as at 30 November 2023 indicate the company may be unable to meet its short-term obligations without additional funding.
• The company reported a loss of £7,510 for the year, adding to accumulated losses and weakening financial stability.
• The company has minimal cash reserves (£3,032) relative to current liabilities (£10,532), suggesting liquidity pressures.

3. Positive Indicators:

• The company is current with all statutory filings (accounts and confirmation statement) and not overdue, which supports regulatory compliance.
• The company is small in scale (single director, minimal share capital) which may limit complexity and operational overheads.
• No indication of director disqualifications or governance issues from available data.

4. Due Diligence Notes:

• Investigate the nature of the £10,532 current liabilities, especially the “other creditors” to understand timing and likelihood of settlement or restructuring.
• Review the company’s business model and cash flow forecasts to assess the sustainability of operations and plans to restore profitability.
• Confirm whether the director or related parties have provided financial support or guarantees to cover current shortfalls.
• Assess potential contingent liabilities or off-balance sheet items not disclosed in the accounts.
• Verify the company’s ongoing relationship with its accountant and whether any audit exemptions remain appropriate given size and risk.