Company Number: 13910128

Analysis Date: 2025-07-20 13:52 UTC

1. Risk Rating: MEDIUM

The company displays a small negative net asset position and current liabilities closely matching current assets, indicating some balance sheet weakness. However, it is not in immediate distress, given the absence of overdue filings or liquidation status.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities (–£264 as of 29 February 2024) suggest that total liabilities marginally exceed total assets, raising concerns about solvency.
• Working Capital Position: Current assets (£3,942) barely exceed current liabilities (£84,602), but note that a large portion of liabilities are long-term (creditors due after more than one year). The micro-entity accounts do not detail liquidity fully, but the minimal net current assets indicate tight liquidity.
• No Employees and Limited Operational Detail: The company reports zero employees and minimal operational disclosures, which may suggest limited ongoing business activity or reliance on directors. This raises questions on operational sustainability.

3. Positive Indicators:

• Timely Filings: Both accounts and confirmation statements are up to date with no overdue filings or penalties.
• Stable Fixed Assets: Fixed assets have slightly increased from £79,009 to £80,696, indicating some asset base stability.
• No Signs of Formal Insolvency: The company is active, not in liquidation or administration, which supports ongoing operational status.

4. Due Diligence Notes:

• Investigate the nature and terms of the company’s long-term creditors (£84,602) to assess repayment obligations and covenant risks.
• Clarify the business model and revenue streams given zero employees and limited financial disclosures under micro-entity reporting.
• Review directors’ plans for addressing the negative net asset position and whether there are commitments for capital injection or asset sales.
• Confirm absence of contingent liabilities or off-balance sheet risks not reflected in the micro-entity accounts.