Company Number: 13119757

Analysis Date: 2025-07-20 13:11 UTC

1. Risk Rating: HIGH
   The company shows persistent net liabilities and negative net current assets over two consecutive years, indicating potential solvency and liquidity issues. The absence of audit and limited disclosure restricts insight, but the financial position suggests elevated risk.

2. Key Concerns:

• Negative net current assets (£48k deficit) and net liabilities in both 2023 and 2024 suggest ongoing financial stress and inability to cover short-term obligations from current assets.
• Shareholders' funds are negative, reflecting accumulated losses or insufficient capital to support operations.
• The company relies on a single director/shareholder, which may concentrate control and limit governance oversight.

3. Positive Indicators:

• The company is current with statutory filings including accounts and confirmation statements, indicating compliance with regulatory requirements.
• Operating as a micro-entity, it benefits from simplified reporting which may reduce administrative burdens.
• The director is a qualified accountant, potentially supporting competent financial management.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to assess whether obligations are short-term payables, loans, or accruals, and their imminence.
• Review cash flow statements and management plans to understand how the company intends to improve liquidity and move towards solvency.
• Clarify the company's business model and revenue streams given its management consultancy SIC code to evaluate operational viability.
• Assess any contingent liabilities or off-balance-sheet obligations not captured under micro-entity filing requirements.
• Confirm the absence of director disqualifications or adverse personal conduct that could affect governance.