Company Number: 13101396

Analysis Date: 2025-07-20 11:03 UTC

1. Risk Rating: HIGH
   The company shows negative net assets and net current assets (liabilities) for the latest financial year 2023, indicating insolvency on a balance sheet basis. This is a significant solvency concern for an investor.

2. Key Concerns:

• Negative net assets of £4,170 and net current liabilities of £2,780 as of 31 December 2023, worsening from previous years.
• Material decline in current assets from £35,975 in 2022 to £7,820 in 2023 coupled with current liabilities only moderately reducing, signaling liquidity stress.
• Zero employees reported and minimal share capital (£1), which raises questions about operational capacity and business sustainability.

3. Positive Indicators:

• The company is compliant with filing deadlines for both accounts and confirmation statements, indicating regulatory adherence.
• The director has been in place since incorporation without apparent disqualification or governance issues.
• The company is classified as a micro-entity, which suits its small scale and reduces administrative burden.

4. Due Diligence Notes:

• Investigate reasons behind the negative equity position and deteriorating liquidity, including cash flow statements if available.
• Review the business model and revenue streams to assess operational viability given zero employees and minimal assets.
• Confirm whether there are any contingent liabilities or off-balance sheet exposures that could worsen the financial position.
• Check for related party transactions or director loans that may impact financial stability.
• Assess whether there are any plans for recapitalization or restructuring to address insolvency risks.