Company Number: 14156005

Analysis Date: 2025-07-29 18:25 UTC

1. Risk Rating: HIGH
   The company exhibits a significant solvency risk with net liabilities of £14,982 as of 30 June 2024 and current liabilities exceeding current assets by nearly £15,000. The absence of employees and minimal cash on hand further exacerbate liquidity concerns.

2. Key Concerns:

• Negative Net Assets & Working Capital Deficit: The company’s shareholders’ funds stand at -£14,982, indicating insolvency on a balance sheet basis, with net current liabilities of the same amount.
• Director Loans as Sole Liability: All current liabilities (£15,229) are loans from directors, suggesting reliance on director funding rather than external or operational cash flow. This may not be sustainable long term.
• No Operational Activity or Employees: The company has reported zero employees for the year, with minimal cash (only £247) and no indication of revenue or profitability, raising questions about ongoing business viability.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time with no overdue filings, indicating regulatory compliance and good governance on statutory matters.
• Recent Incorporation and Name Change: Incorporated in June 2022 and renamed in January 2024, showing possible restructuring or rebranding efforts which may reflect business strategy adjustments.
• Exemption from Audit: As a small company, it is compliant with statutory audit exemptions, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and terms of director loans and whether there is a plan for repayment or conversion to equity.
• Review any trading activity or sales figures to assess whether the business model is generating revenue or remains dormant.
• Clarify the company’s business plan, funding sources, and timeline to return to profitability or positive net assets.
• Confirm that there are no contingent liabilities or undisclosed debts beyond director loans.
• Assess the director’s background and capacity to support the company financially and operationally.