Company Number: 14597067

Analysis Date: 2025-07-29 13:05 UTC

1. Risk Rating: HIGH
   Justification: Despite being a newly incorporated micro-entity, Harbour Deck Ltd reports negative net assets of £80, indicating insolvency on a balance sheet basis. The accruals and deferred income exceeding current assets suggest potential liquidity constraints. The company employs only one person (a director) and has minimal current liabilities, but the negative equity and limited financial history raise solvency and operational sustainability concerns.

2. Key Concerns:

• Negative Shareholders’ Funds: With £-80 net assets, the company is technically insolvent, which could impair its ability to meet obligations or obtain financing.
• Liquidity Risks: Current assets are minimal (£110) and largely offset by accruals/deferred income (£180), indicating potential cash flow issues.
• Limited Operating History: Incorporated in January 2023, the company has only one year of financial data, restricting reliable assessment of business viability or revenue generation.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time, demonstrating regulatory compliance without overdue filings.
• Clear Ownership and Control: The sole significant controller (Ms. Fradel Levin) is also a director and an accountant by occupation, which may support informed financial management.
• Micro-Entity Status: Small scale reduces complexity and potential operational risk exposure.

4. Due Diligence Notes:

• Investigate the nature and timing of accrued/deferred income of £180 to understand cash flow timing and obligations.
• Clarify sources of funding and capital injections since incorporation to assess financial backing and sustainability.
• Review business plan and projected cash flows given limited operational history to evaluate future solvency prospects.
• Confirm no undisclosed liabilities or contingent risks exist beyond the balance sheet.
• Validate director’s experience and capacity to manage financial turnaround if required.