Company Number: 15024924

Analysis Date: 2025-07-29 13:04 UTC

1. Risk Rating: HIGH
   Justification: The company shows significant negative net assets (£-183,353) with no fixed or current assets to offset liabilities. The balance sheet indicates creditors due after more than one year equal to this amount, suggesting excessive long-term liabilities or shareholder loans without corresponding assets. This financial position signals solvency concerns at an early stage of operation.

2. Key Concerns:

• Negative Net Assets: The company reports net liabilities of £183,353 as of its first financial year-end, indicating a lack of capital buffer and potential insolvency risk.
• No Current or Fixed Assets: Zero reported assets raise liquidity concerns, as there is no tangible or liquid asset base to cover liabilities or fund operations.
• Unclear Liability Structure: The entire balance sheet liability is recorded as creditors falling due after more than one year, which may reflect related party debt or shareholder loans but requires clarification.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statement are filed on time, indicating compliance with statutory obligations.
• Active Status with Multiple PSCs: The company is active with three persons of significant control, which may suggest diversified ownership and potentially access to resources.
• Micro Entity Classification: The company qualifies for simplified reporting, which is appropriate for its size and recent incorporation.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors amounting to £183,353 — are these shareholder loans, related party debts, or external borrowings?
• Clarify operating activities given zero assets and the nature of liabilities; understand if the company has commenced trading or is in a pre-revenue phase.
• Review cash flow projections and financing plans to assess operational sustainability and ability to meet liabilities as they fall due.
• Confirm whether the three employees reported were on payroll and the extent of operational activity during the accounting period.
• Verify the relationship and financial support commitments from the significant controllers: Peggy Mckenzie Ltd, Orion Care Group Limited, and Contract Group Ltd.
• Assess management capability and director track record given the company’s financial position.