Company Number: 13815388

Analysis Date: 2025-07-29 13:14 UTC

1. Risk Rating: HIGH
   The company’s most recent financials demonstrate significant deterioration in liquidity and net assets, with net current liabilities of £2,085 and net assets of only £6 as of 31 December 2024. This indicates an elevated solvency risk and potential difficulty in meeting short-term obligations.

2. Key Concerns:

• Severe Liquidity Shortfall: Current liabilities exceed current assets by a substantial margin (£2,168 vs £83), suggesting cash flow pressure to cover immediate debts.
• Collapse in Net Assets: Net assets have declined drastically from £2,703 in 2023 to just £6 in 2024, signaling potential erosion of capital or losses not disclosed in detail.
• No Employees and Limited Operational Footprint: The company reports zero employees, which may imply limited operational capacity or outsourcing; sustainability of business operations is unclear.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are filed on time, indicating compliance with statutory obligations.
• Single Director with Full Control: The controlling director’s full ownership and appointment rights reduce governance complexity, potentially allowing swift decision-making.
• Micro-entity Reporting: The company benefits from simplified reporting, which is appropriate given its size and may reduce administrative burdens.

4. Due Diligence Notes:

• Investigate the cause of the sharp decline in net assets and current assets from 2023 to 2024, including review of profit and loss details not publicly filed.
• Assess the company’s ability to generate operational cash flow or secure financing given the negative working capital position.
• Clarify the business model and operational activities, especially given zero employees, to understand sustainability and revenue streams.
• Confirm no hidden contingent liabilities or related party transactions impacting financial stability.
• Review director conduct records for any concerns, though none are indicated here.