Company Number: 13528158

Analysis Date: 2025-07-29 15:52 UTC

1. Risk Rating: HIGH
   The company exhibits significant liquidity and solvency risks, primarily due to substantial current liabilities exceeding current assets and minimal net assets. The absence of cash reserves and persistent negative working capital are key concerns.

2. Key Concerns:

• Liquidity Deficit: Current liabilities (~£227k) vastly exceed current assets (~£230), resulting in a negative net working capital of approximately £65k, indicating potential cash flow stress.
• Solvency Margins: Although fixed assets are valued at £293k, the heavy short-term liabilities and negligible cash position raise doubts about the ability to meet immediate obligations without refinancing or asset liquidation.
• Operational Scale and Sustainability: The company has zero employees and no reported turnover or income streams, suggesting limited operational activity that could undermine ongoing viability.

3. Positive Indicators:

• Asset Base: The company holds tangible fixed assets valued at £293,165, which may represent real estate holdings under the SIC code "Other letting and operating of own or leased real estate," providing collateral value.
• Compliance Record: The company is current with filings, including accounts and confirmation statements, indicating adherence to regulatory requirements.
• Ownership and Control: Single shareholder/director ownership (Mr. James Patrick Roberts) may enable swift decision-making and strategic control.

4. Due Diligence Notes:

• Asset Valuation Verification: Confirm the nature, condition, and market value of the fixed assets to assess realizable value under stress scenarios.
• Liability Breakdown: Investigate the composition and terms of the substantial current liabilities to determine their origin and repayment schedule.
• Cash Flow and Income Sources: Examine bank statements and any rental or operating income to assess liquidity generation capacity.
• Operational Status: Clarify business activity level and plans for generating revenues given zero employees and apparent lack of turnover.
• Director Background: While no disqualifications are noted, further review of the director’s credit and litigation history could provide insight into governance and risk.