Company Number: 13455765

Analysis Date: 2025-07-29 20:24 UTC

1. Risk Rating: HIGH

Justification: The company shows persistent negative net current assets (working capital deficit) over multiple years, indicating liquidity stress. The total net assets are negative (£7,112 in 2024), which raises solvency concerns. The company has no employees and minimal current assets, suggesting limited operational activity and sustainability.

2. Key Concerns:

• Negative net current assets for consecutive years (2023 and 2024), reflecting potential inability to meet short-term obligations.
• Negative net assets/shareholders’ funds, suggesting the company's liabilities exceed its assets and potential insolvency risk.
• Lack of employees and minimal current assets, which questions operational scale and ongoing business viability.

3. Positive Indicators:

• Company is compliant with filing requirements with no overdue accounts or confirmation statements.
• Sole director and owner with full control, which can streamline decision-making and governance.
• Micro-entity status with simplified reporting, indicating low complexity in operations.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to assess repayment risk and creditor pressure.
• Review cash flow statements or bank balances (not available here) to understand liquidity dynamics.
• Clarify business model and revenue streams given minimal assets and zero employees.
• Confirm if there are any contingent liabilities or off-balance-sheet risks.
• Assess director’s financial support or plans to address the negative equity position.