Company Number: 13556087

Analysis Date: 2025-07-20 18:25 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and increasing creditor liabilities, indicating a high risk to solvency and liquidity.

2. Key Concerns:

• Negative Net Assets: The 2024 accounts disclose net liabilities of £1,652, a deterioration from previous years’ net assets (e.g., £492 in 2023), suggesting the company is insolvent on a balance sheet basis.
• Substantial Long-Term Creditors: Creditors due after more than one year increased sharply from £306 in 2023 to £1,642 in 2024, indicating mounting debt obligations that may be difficult to service.
• No Employees and Minimal Current Assets: The company has no employees and very low current assets (£190 in 2024), which raises concerns about operational capacity and liquidity to meet short-term obligations.

3. Positive Indicators:

• Current Filing Compliance: The company’s annual accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance and governance adherence.
• Single Controlling Shareholder: The 75-100% ownership and directorship by Mr. Shadrach Friday Okpamen Osunde may allow for swift decision-making and potential financial support if required.
• Active Website Presence: An active website suggests ongoing business activity and attempts to maintain market presence.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors (£1,642), including repayment schedules and interest obligations.
• Clarify the operational status and revenue generation, as no employees and minimal current assets may indicate a dormant or minimally active business despite “Active” status.
• Review cash flow statements and any related-party transactions to assess financial support from directors or shareholders.
• Assess potential contingent liabilities or off-balance-sheet commitments not evident from micro-entity accounts.
• Confirm whether the company has plans or agreements in place to restore solvency or restructure debt.