Company Number: 14495077

Analysis Date: 2025-07-29 21:09 UTC

1. Risk Rating: HIGH
   The company’s financials reveal net liabilities of £1,160 as of 30 November 2023, with current liabilities (£699,348) exceeding current assets (£7,920) by a significant margin, indicating negative working capital and potential solvency issues.

2. Key Concerns:

• Negative net assets and working capital deficit: The balance sheet shows total net liabilities and a large excess of current liabilities over current assets, which suggests difficulty in meeting short-term obligations.
• No employees and limited operational data: The company had zero employees during its first financial year, raising questions about ongoing business activities and operational sustainability.
• Concentration of control: The sole director and 75-100% shareholder is the same individual, which may increase governance risk due to a lack of independent oversight.

3. Positive Indicators:

• Recent incorporation with asset base: Despite financial challenges, the company holds fixed assets valued at £690,268, which may represent real estate holdings aligned with its SIC codes related to property letting and trading.
• Compliance with filing requirements: Both accounts and confirmation statements are up to date with no overdue filings, reflecting good regulatory compliance.
• Clear ownership and control structure: The single person with significant control is identified, reducing complexity in ownership tracking.

4. Due Diligence Notes:

• Investigate the nature and valuation of the fixed assets reported (£690k) to confirm their liquidity and marketability.
• Review the company's cash flow statements or management accounts (if available) for current and projected liquidity status.
• Clarify the business model and operational status given zero employees and the micro-entity filing; confirm if the company is holding property assets for rental or resale.
• Assess any contingent liabilities or off-balance sheet commitments that may exacerbate solvency risk.
• Consider the experience and background of the director/owner to evaluate governance and operational competence.