Company Number: 13111637

Analysis Date: 2025-07-20 13:00 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial contraction and minimal current assets, posing a high risk of insolvency and liquidity challenges.

2. Key Concerns:

• Severe Reduction in Net Assets: Net assets have plummeted from £13,896 in 2023 to only £100 in 2024, indicating a drastic erosion of financial stability.
• Minimal Current Assets: Current assets dropped from £19,458 to just £98 in the latest year, raising serious liquidity concerns and ability to meet short-term obligations.
• No Employees and Low Operational Scale: The company reported zero employees throughout the period and is categorized as a micro-entity, suggesting limited operational capacity and potential sustainability issues.

3. Positive Indicators:

• Current Liabilities Extremely Low: The latest liabilities stand at £2, effectively negligible, which slightly offsets liquidity risk although this may reflect reduced activity rather than improved financial health.
• No Overdue Filings: The company is compliant with statutory filing deadlines for accounts and confirmation statements, indicating good governance in terms of regulatory compliance.
• Active Status with a Single Director: The company remains active with a named director who has maintained continuous appointment since incorporation, suggesting some level of ongoing management oversight.

4. Due Diligence Notes:

• Investigate reasons behind the drastic decline in net assets and current assets between 2023 and 2024—possible asset disposals or write-downs.
• Review cash flow statements or bank records to assess the company’s actual liquidity position and cash management practices.
• Evaluate business model viability given zero employees and minimal financial activity—confirm whether the company is operational or dormant in practice despite active status.
• Confirm no contingent liabilities or off-balance-sheet obligations that could further impair solvency.
• Verify director’s intentions and any plans for recapitalization or restructuring to address the weakened financial position.