Company Number: 13269650

Analysis Date: 2025-07-29 13:58 UTC

1. Risk Rating: HIGH
   The company consistently reports negative net assets and net current liabilities over the last three years, indicating a recurring insolvency position. The working capital deficit worsened from -£754 (2023) to -£1,306 (2024), suggesting increasing liquidity strain.

2. Key Concerns:

• Solvency Risk: Persistent negative shareholders' funds and net assets imply the company’s liabilities exceed its assets, raising questions about its ability to meet long-term obligations.
• Liquidity Concerns: Current liabilities more than double current assets, resulting in a negative working capital position (-£1,306 in 2024), which may impair the company’s capacity to satisfy short-term debts.
• Operational Stability: The company has zero employees on average, which may indicate limited operational capacity or reliance on directors for all business activities, raising sustainability concerns.

3. Positive Indicators:

• Compliance: All filings are up to date, with no overdue accounts or confirmation statements, demonstrating regulatory compliance and good governance practices.
• Active Status: The company is currently active with no indications of being in liquidation or administration, suggesting ongoing business activity.
• Director Engagement: Directors have acknowledged responsibilities and signed the latest accounts, indicating active management oversight.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities to assess if they are short-term debts or intercompany balances.
• Clarify business model viability given zero employees and ongoing negative equity.
• Review cash flow statements or bank records (if available) to assess liquidity management and short-term financing strategies.
• Confirm if the directors have any plans or injections of capital to restore solvency.
• Assess whether the directors have disclosed any contingent liabilities or off-balance-sheet obligations beyond the formal accounts.