Company Number: 13809019

Analysis Date: 2025-07-29 19:25 UTC

1. Risk Rating: HIGH
   The company demonstrates significant and growing net liabilities, negative working capital, and no employees or apparent operational activity, indicating a high risk of insolvency and liquidity problems.

2. Key Concerns:

• Negative Net Assets: The company has continued net liabilities increasing from £7,147 in 2021 and 2022 to £9,845 in 2023, showing worsening financial health.
• Poor Liquidity Position: Current liabilities of approximately £9,851 vastly exceed current assets of only £6, resulting in a severe working capital deficit.
• Lack of Operational Activity: Zero employees and minimal current assets suggest no ongoing trading or revenue generation, raising questions about operational sustainability.

3. Positive Indicators:

• Compliance with Filing: The company is up to date with both annual accounts and confirmation statement filings, indicating regulatory compliance.
• Sole Director and PSC Stability: Christopher Thomas Robb is the sole director and 100% shareholder, which may allow for agile decision-making and control.
• Micro-Entity Reporting: The company benefits from simplified reporting requirements, which reduces administrative burden.

4. Due Diligence Notes:

• Investigate the nature and cause of the company's persistent net liabilities and whether this reflects loans from the director or third parties.
• Clarify the company's business model and revenue streams, given the absence of employees and negligible current assets.
• Assess the director's plans for addressing the liquidity shortfall and whether external funding or restructuring is anticipated.
• Confirm whether the company is currently trading or dormant in practice, despite being registered as active.
• Review any contingent liabilities or off-balance sheet commitments that may affect solvency.