Company Number: 13241482

Analysis Date: 2025-07-29 14:57 UTC

1. Risk Rating: HIGH
   The company exhibits significant liquidity risk, reflected by consistent negative net current assets over multiple years. The current liabilities exceed current assets by a material margin, indicating difficulty in meeting short-term obligations. The absence of employees and heavy reliance on director loans further elevate operational and financial risk.

2. Key Concerns:

• Negative net working capital: The company’s current liabilities (£37,550 in 2024) surpass current assets (£27,479), resulting in net current liabilities of £10,071, worsening from prior years. This suggests cash flow pressure to meet immediate debts.
• Director loans of £20,000: Reliance on director funding indicates external financing challenges and potential strain on liquidity if such loans are withdrawn or not renewed.
• No employees: The company reported zero employees during the year, raising concerns about operational capacity and sustainability of business activities.

3. Positive Indicators:

• Positive net assets/shareholders' funds (£12,609): Despite liquidity challenges, the company maintains positive equity, implying solvency on a balance sheet basis.
• Fixed assets held (£22,680): The presence of tangible assets suggests investment in operational infrastructure, potentially supporting future revenue generation.
• Compliance with filing deadlines: Accounts and confirmation statements are up to date, demonstrating adherence to regulatory requirements and good governance in this respect.

4. Due Diligence Notes:

• Investigate the nature and terms of director loans, including repayment plans and impact on financial stability.
• Review cash flow statements (not provided) to assess operational cash generation and timing of liabilities.
• Clarify operational model given zero employees—determine if outsourced services or other arrangements support business activities.
• Confirm the company’s revenue streams and profitability trends, which are not disclosed in the current data.
• Assess dependency on a single director and any associated concentration risk.