Company Number: 13048342

Analysis Date: 2025-07-29 17:42 UTC

1. Risk Rating: MEDIUM
   The company shows a net current liability position and negative shareholders’ funds as of the latest financial year-end, indicating some solvency concerns despite no overdue filings or liquidation status. The micro-entity status limits disclosure but the balance sheet weakening warrants caution.

2. Key Concerns:

• Negative net current assets (£-12) and shareholders’ funds (£-12) as of 31 December 2023, indicating potential solvency strain.
• Very limited current assets (£88) relative to current liabilities (£100), suggesting tight liquidity and potential cash flow constraints.
• Minimal share capital (£100) and a single director, which may limit operational resilience and governance oversight.

3. Positive Indicators:

• Company is active and compliant with statutory filing deadlines (accounts and confirmation statement up to date).
• Operating as a micro-entity with no audit required, which reduces administrative burden and costs.
• Consistent director presence since incorporation, indicating stable leadership at least at the ownership level.

4. Due Diligence Notes:

• Investigate the nature and timing of the current liabilities to assess immediate solvency risk and potential payment defaults.
• Review cash flow forecasts and any additional financing arrangements or shareholder support planned to restore positive equity.
• Understand the business model and revenue generation capability given the SIC code (buying and selling own real estate) to evaluate operational sustainability.
• Confirm no director disqualifications or governance issues beyond the single director structure.
• Explore any contingent liabilities or off-balance-sheet risks not captured in micro-entity accounts.