Company Number: 13560165

Analysis Date: 2025-07-20 15:29 UTC

1. Risk Rating: HIGH
   The company shows a consistent and increasing negative net asset position (net liabilities), indicating solvency risk. Current liabilities significantly exceed current assets, suggesting liquidity concerns. The absence of employees and minimal current assets raise operational sustainability questions.

2. Key Concerns:

• Negative Net Assets: The net assets have deteriorated from -£18,434 in 2023 to -£32,519 in 2024, showing worsening solvency.
• Liquidity Deficit: Current liabilities (£173,636) vastly exceed current assets (£717), indicating potential cash flow problems and inability to meet short-term obligations.
• Lack of Operational Activity: Zero employees and minimal current assets imply limited business operations or revenue generation, threatening ongoing viability.

3. Positive Indicators:

• Fixed Asset Base: The company holds £140,400 in fixed assets, likely property given the SIC codes, which may provide collateral or future revenue potential.
• Compliance: No overdue filings for accounts or confirmation statements, demonstrating regulatory compliance and governance discipline to date.
• Stable Ownership: Directors and persons with significant control have consistent, transparent ownership and involvement since incorporation.

4. Due Diligence Notes:

• Investigate the nature and market value of fixed assets to assess their realizable value versus book value.
• Review cash flow statements or bank records (if available) to understand liquidity management and creditor payment plans.
• Clarify the business model and revenue sources given zero employees and minimal current assets—determine if property is leased and income generated accordingly.
• Confirm no undisclosed contingent liabilities or legal claims impacting solvency.
• Assess directors’ plans or external financing arrangements to remedy negative equity and liquidity shortfalls.