Company Number: 15075620

Analysis Date: 2025-07-20 12:49 UTC

1. Risk Rating: HIGH
   The company’s financial position as of 31 August 2024 shows net current liabilities of £4,480 and total net liabilities of the same amount, indicating insolvency on a balance sheet basis. The absence of fixed assets and minimal current assets (£520) against current liabilities of £5,000 signals immediate solvency and liquidity concerns.

2. Key Concerns:

• Negative Net Assets: Shareholders’ funds are negative £4,480, implying that liabilities exceed assets and the company is balance-sheet insolvent.
• Liquidity Deficiency: Current liabilities (£5,000) significantly exceed current assets (£520), suggesting the company may struggle to meet short-term obligations as they fall due.
• Lack of Operational Activity: The company has no employees and no fixed assets, with minimal current assets, which may reflect either a very early stage of trading or dormant status despite being active, raising questions about operational viability.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with both annual accounts and confirmation statement filings, showing good regulatory compliance.
• Clear Control and Governance: The sole director and shareholder is identified with no adverse history reported, suggesting straightforward governance structure.
• Micro-entity Status: This simplifies reporting requirements and may indicate low operational complexity at this stage.

4. Due Diligence Notes:

• Confirm Nature of Liabilities: Investigate the composition and timing of the £5,000 current liabilities to assess immediate payment obligations and creditor risk.
• Business Model and Revenue Streams: Verify whether the company has commenced trading and how it plans to generate revenues to cover liabilities and grow assets.
• Director’s Plans and Financial Support: Understand if the director intends to inject further capital or secure financing to restore solvency and fund operations.