Company Number: 14367427

Analysis Date: 2025-07-29 12:42 UTC

1. Risk Rating: MEDIUM
   The company is newly incorporated (since September 2022) and has minimal financial history. While it is currently active and compliant with filings, the financial position shows very limited net assets (£1) and minimal working capital, indicating constrained financial resources. The absence of an audit and limited transparency on profit/loss also increases uncertainty.

2. Key Concerns:

• Minimal Net Assets and Working Capital: Only £1 net current assets and shareholders’ funds, suggesting very thin capitalization and limited buffer to absorb financial shocks.
• Concentration of Control: Single director and 75-100% ownership by Mr. Thomas Harrison concentrates operational and governance risk in one individual.
• Limited Financial Disclosure: The accounts are unaudited and only balance sheet information is filed (no income statement), reducing ability to assess operational profitability and cash flow robustness.

3. Positive Indicators:

• Compliance with Filing Requirements: All statutory accounts and confirmation statements are up to date with no overdue filings.
• Going Concern Statement: Director confirms adequate trading and working capital for at least 12 months from signing accounts, suggesting no immediate solvency issues.
• Small Entity Accounting: The company benefits from simplified reporting which is appropriate given its size and stage.

4. Due Diligence Notes:

• Verify actual cash flow and profitability since inception to assess operational sustainability beyond balance sheet snapshot.
• Investigate related party transactions hinted by large creditor amounts owed to group undertakings (£99,479) and negative other creditors balance (£117,943) to understand financial arrangements and potential contingent liabilities.
• Confirm director’s plans and capacity to provide additional capital or support if required, given sole control and minimal equity base.