Company Number: 14508401

Analysis Date: 2025-07-29 13:16 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and net current liabilities that have worsened sharply over the last year, suggesting serious solvency and liquidity concerns.

2. Key Concerns:

• Persistent and growing net liabilities: Net assets declined from -£5,256 in 2023 to -£27,047 in 2024, indicating increasing financial distress.
• Severe working capital deficit: Current liabilities (£31,148) far exceed current assets (£921) in 2024, implying inability to meet short-term obligations.
• Limited operational scale and history: Established in late 2022, with micro-entity accounts and minimal staff (average 1 employee), raising questions about business sustainability and resilience.

3. Positive Indicators:

• Compliance: No overdue filings for accounts or confirmation statements, reflecting adherence to regulatory requirements to date.
• Clear control structure: Significant control is concentrated with one individual (Mr. Ghulam Mustafa Azam), facilitating decision-making and possibly quicker strategic responses.
• Fixed assets have increased slightly, which may indicate modest investment or asset accumulation.

4. Due Diligence Notes:

• Investigate the nature and causes of the substantial increase in current liabilities over 2024, including creditor types and payment terms.
• Review business model viability given the negative equity and cash flow pressures; assess revenue streams and future contracts if any.
• Confirm the absence of director disqualifications or governance issues beyond those disclosed; consider background checks on key individuals.
• Obtain management accounts or cash flow forecasts for 2025 to evaluate if the company has a turnaround plan or external funding sources.