Company Number: 14500586

Analysis Date: 2025-07-29 12:33 UTC

1. Risk Rating: HIGH
   The company's financial position indicates significant liquidity and solvency concerns. Current liabilities substantially exceed current assets, and the net assets are zero, signaling inability to meet short-term obligations without external funding. The company is newly incorporated with limited trading history and no employees, increasing operational risk.

2. Key Concerns:

   • Negative Working Capital and Solvency Risk: Current liabilities of £3,600 far exceed current assets of £375, indicating a negative working capital position and potential difficulty in covering short-term debts.
   • Reliance on External Funding: The £3,600 creditor balance relates to funding received from SASP for memberships, which is a liability payable in the near term (May 2024). This reflects cash flow dependency on grants or external sources rather than self-generated revenue.
   • Lack of Operating History and Income Generation: Incorporated in late 2022, the company reports no fixed assets, no employees, and no profit and loss account filed. This absence of operational scale and financial performance data raises sustainability concerns.

3. Positive Indicators:

   • No Overdue Filings or Regulatory Concerns: The company has maintained timely accounts and confirmation statement filings, reflecting compliance with statutory obligations.
   • Clear Community Impact and Mission: As a Community Interest Company (CIC), the company demonstrates a strong social purpose with documented community benefits and engagement initiatives, which may attract future funding and support.
   • Stable Governance Structure: Four directors are appointed with relevant occupations linked to education, coaching, and fitness, and significant control is appropriately disclosed, indicating transparency.

4. Due Diligence Notes:

   • Verify the nature and terms of the £3,600 creditor balance and confirm the company's plan and capacity to repay by May 2024.
   • Investigate the company’s current cash flow situation beyond the balance sheet snapshot and review any interim financial information if available.
   • Assess the sustainability of funding sources and business model given no employees and limited assets.
   • Confirm the absence of director remuneration and check for potential related party transactions or commitments.
   • Evaluate the company’s strategic plans for growth and revenue generation to move beyond grant dependency.