Company Number: 13062842

Analysis Date: 2025-07-19 13:05 UTC

1. Risk Rating: HIGH
   The company shows consistent negative net current assets and negative total net assets (£1,205 deficit for 2023 and 2022). The absence of current assets and presence of current liabilities indicate a liquidity shortfall. Shareholders’ funds are negative, signaling insolvency concerns.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The balance sheet shows liabilities exceeding assets, which questions solvency and ability to meet short-term obligations.
• No Current Assets or Cash Reported: Zero current assets suggest lack of cash or receivables to cover immediate liabilities, risking liquidity crises.
• No Employees and Minimal Operating Scale: With no staff and micro-entity status, operational sustainability and growth prospects appear limited.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date, indicating compliance with statutory requirements.
• Single Director with Full Control: Clear governance structure with one director/shareholder may facilitate swift decision-making.
• Low Fixed Assets: Minimal asset base reduces risk of asset obsolescence or impairment losses.

4. Due Diligence Notes:

• Verify the nature of current liabilities (£1,370) and assess timing/terms for repayment or settlement.
• Investigate cash flow history or bank statements to confirm liquidity status beyond statutory filings.
• Review any off-balance sheet commitments or contingent liabilities.
• Understand the business model and revenue generation strategy to assess operational viability.
• Confirm whether the director’s remuneration or other transactions affect financial stability.
• Clarify reasons for persistent negative net assets and plans to restore equity.