Company Number: 15066571

Analysis Date: 2025-07-29 13:21 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities of £11,948 and negative shareholders' funds, indicating it cannot currently meet its obligations. The absence of employees and minimal current assets relative to current liabilities further elevate liquidity and operational risks.

2. Key Concerns:

• Negative net current assets and shareholders’ funds (-£11,948) signify insolvency risk.
• No employees and minimal tangible assets suggest limited operational activity and potential lack of sustainable business operations.
• Recent resignation of one director (September 2024) reduces management depth and may imply governance or internal issues.

3. Positive Indicators:

• Company is current with statutory filings and not overdue on accounts or confirmation statements, indicating compliance with reporting requirements.
• The company is a micro-entity, thus has limited filing requirements, which may reduce administrative burden at this early stage.
• Directors appear to have control and continuity, with one director remaining active and involved.

4. Due Diligence Notes:

• Investigate the cause of negative net assets—whether due to start-up losses, shareholder loans, or accrued liabilities.
• Clarify business model, revenue streams, and plans for addressing current financial deficits.
• Assess reasons behind director resignation and overall governance structure stability.
• Confirm whether there are any off-balance sheet liabilities or contingent risks not disclosed.