Company Number: 13028620

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: MEDIUM
   The company shows a marginal net asset position with recent deterioration in net current assets and low share capital, indicating some solvency pressures. However, it remains active with timely filings and no overdue returns, which mitigates some risk.

2. Key Concerns:

• Negative net current assets in the latest financial year (£-2,603), indicating potential liquidity challenges to meet short-term obligations.
• Significant decline in shareholders’ funds from £3,673 in 2023 to £317 in 2024, suggesting erosion of capital base.
• Very low share capital (£1.00), which may limit financial flexibility and signal a minimal equity buffer against liabilities.

3. Positive Indicators:

• The company is compliant with filing deadlines for both accounts and confirmation statements, indicating good regulatory adherence.
• No indication of insolvency proceedings such as liquidation or administration; status remains active.
• The business operates in the retail sector (SIC 47990), which can be resilient if managed properly, and has maintained a consistent employee count (1 employee).

4. Due Diligence Notes:

• Investigate the causes behind the decline in net current assets and shareholders’ funds over the last year to assess operational and financial stability.
• Review cash flow statements and creditor aging to evaluate liquidity and short-term payment capacity in detail.
• Examine any off-balance-sheet liabilities or contingent risks not evident from micro-entity accounts.
• Assess the impact of director changes in July 2023 on company strategy and financial management.
• Confirm the nature of the company’s retail activities given the SIC code and evaluate revenue trends and profitability, as financial data provided is limited.