Company Number: 14722240

Analysis Date: 2025-07-20 15:50 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position and minimal working capital, indicating immediate solvency concerns despite being recently incorporated and active.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company’s net current assets are slightly negative (£-260), and net assets total negative £260, suggesting liabilities exceed assets. This weak capital base is a red flag for solvency and meeting short-term obligations.
• Zero Employees and Limited Operating History: No employees reported during the first accounting period (10 March 2023 to 31 March 2024) and lack of historical financial performance data restricts the ability to assess operational stability.
• Minimal Share Capital and Reliance on Director Support: Share capital is only £100, and accumulated losses (reflected in profit and loss reserve of -£360) imply the company is either in early loss stages or undercapitalized, increasing dependency on the sole director’s resources and ongoing funding.

3. Positive Indicators:

• Compliance with Filing Requirements: The company’s accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
• Director’s Confidence in Going Concern: The director has stated a reasonable expectation of adequate resources and ongoing sales growth, supporting the going concern assumption.
• Active Online Presence: The company maintains an active website with a professional appearance and contact details, which is positive for business credibility and marketing.

4. Due Diligence Notes:

• Investigate the nature and timing of the company’s liabilities to understand the causes of negative working capital and whether these are short-term payables or longer-term financial obligations.
• Confirm the source of funding and financial support from the director or external parties to assess sustainability.
• Review turnover and profitability trends once available, as current information lacks revenue or profit figures.
• Assess the business model and client contracts given the SIC codes spanning temporary employment and construction sectors, which may require different operational capabilities and capital intensity.
• Verify the director’s background and financial capacity to support the company through its early stages.