Company Number: 12440951

Analysis Date: 2025-07-29 19:01 UTC

1. Risk Rating: HIGH
   The company exhibits a significant negative net asset position and persistent net current liabilities over multiple years, indicating severe solvency and liquidity issues.

2. Key Concerns:

• Severe Negative Net Assets: The net assets have deteriorated from -£19,815 in 2020 to -£34,114 in 2024, showing ongoing losses and an increasingly insolvent balance sheet.
• Negative Working Capital: Current liabilities (~£35,862) vastly exceed current assets (around £14 in 2024), implying an inability to meet short-term obligations as they fall due.
• No Employees and Minimal Operating Assets: The company reports zero employees for 2024 and very low fixed assets, raising questions about operational sustainability and business activity.

3. Positive Indicators:

• Timely Filing and Compliance: Accounts and confirmation statements are filed on time with no overdue filings, indicating compliance with statutory requirements.
• Active Status and No Liquidation: The company remains active and is not in liquidation or administration, suggesting it has not yet entered formal insolvency procedures.
• Experienced Directors: Multiple directors are in place, including a financial director, which may provide some governance oversight.

4. Due Diligence Notes:

• Investigate the nature of the company’s liabilities to understand if they are trade creditors, loans, or other obligations and their repayment terms.
• Review cash flow statements and bank balances (not provided here) to assess immediate liquidity and funding sources.
• Clarify the business model and revenue-generating activities given the absence of employees and minimal assets.
• Confirm any related party transactions or director loans that may impact financial stability.
• Assess the directors’ plans or strategies to restore solvency or manage the company’s financial distress.