Company Number: 14540193

Analysis Date: 2025-07-20 16:47 UTC

1. Risk Rating: HIGH
   Justification: The company shows negative net assets (£-90) with minimal current assets (£160) and no employees, indicating a potentially non-operational or very early-stage business with very limited financial resources. The negative equity position coupled with accruals and deferred income exceeding current assets suggests potential solvency and liquidity risks.

2. Key Concerns:

• Negative net assets and shareholders’ funds indicate the company is currently insolvent on a balance sheet basis.
• Extremely low current assets (only £160) with no employees raises questions about operational capacity and sustainability.
• Recent changes in directors and significant control with overlapping ownership/control may pose governance risks or reflect instability in management.

3. Positive Indicators:

• Company is current with statutory filings (accounts and confirmation statement are up to date) indicating compliance with regulatory requirements.
• No overdue accounts or confirmation statements, reducing immediate regulatory risk.
• The company is categorized as a micro entity, limiting reporting complexity and potentially reflecting a simple business structure.

4. Due Diligence Notes:

• Investigate the nature of the accruals and deferred income of £250 to understand liabilities and timing of cash outflows.
• Clarify business operations given zero employees and minimal current assets – is the company trading or dormant in practice despite active status?
• Review the reasons behind director resignations and appointments within a short timeframe to assess management stability.
• Confirm the effect and rationale for the recent name change from AAHAA SERVICES LTD to GREEN WAVE TECH LTD and whether it reflects a change in business model or ownership.
• Assess any additional off-balance-sheet liabilities or contingent risks not disclosed in the micro-entity accounts.