Company Number: 13255913

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

1. Risk Rating: HIGH
   The company exhibits negative net current assets and net liabilities as at 31 March 2024, indicating an inability to cover short-term obligations. The deterioration from prior years’ positive net current assets signals worsening liquidity and solvency concerns.

2. Key Concerns:

• Negative net current assets of £3,085 in 2024 compared to positive £12,981 in 2023, reflecting increased current liabilities exceeding current assets.
• Absence of fixed assets and low share capital (£100) suggest limited asset backing and capital buffer.
• The company is a micro-entity with only two employees, which may limit operational capacity and scalability.

3. Positive Indicators:

• The company is active and compliant with filing deadlines for accounts and confirmation statements, indicating regulatory adherence.
• The business operates in a niche sector (building completion and finishing) with a functioning website and active contact channels, implying ongoing operations.
• Directors have been in place since incorporation with no reported disqualifications, suggesting stable governance at the leadership level.

4. Due Diligence Notes:

• Obtain detailed cash flow statements and profit & loss accounts to assess operational cash generation and underlying profitability.
• Investigate the nature and maturity of current liabilities driving the working capital deficit, including any overdue or related party debts.
• Review management plans to address liquidity constraints and potential capital injections or refinancing strategies.
• Confirm absence of contingent liabilities or off-balance sheet obligations that might exacerbate solvency risk.
• Assess customer base stability and contract pipeline to verify sustainability of revenues.