Company Number: 15161611

Analysis Date: 2025-07-20 17:16 UTC

1. Risk Rating: HIGH

The company's financial position as of 30 September 2024 shows negative net current assets and very minimal net assets, indicating a weak solvency position. Given the company's recent incorporation (September 2023) and limited financial history, there is significant uncertainty about operational sustainability and liquidity.

2. Key Concerns:

• Negative Net Current Assets: Current liabilities (£56,209) exceed current assets (£52,350), resulting in a net current liability position of £3,859, which raises concerns about short-term liquidity and ability to meet immediate obligations.
• Minimal Net Assets: The total net assets stand at only £362, suggesting very limited financial buffer and exposure to solvency risk if liabilities increase or revenue generation is delayed.
• Early Stage Company: Incorporated less than one year ago with micro-entity accounts and only two employees, the company lacks an operating track record to assess business viability and cash flow stability.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating compliance with regulatory requirements.
• Clear Ownership and Control: The PSC register identifies two principal shareholders with clear control structures, reducing governance uncertainty.
• Micro-entity Filing Status: Benefit from simplified reporting and audit exemptions which reduce administrative burden and costs.

4. Due Diligence Notes:

• Review Business Model and Revenue Streams: Given the early stage and weak financials, verify the company's business plan, client contracts, and cash flow forecasts.
• Examine Director and Shareholder Backgrounds: Confirm no adverse regulatory or disqualification history, especially for the majority shareholder and directors.
• Assess Working Capital Management: Investigate how the company plans to manage its short-term liabilities given current negative net working capital.
• Monitor Future Filings and Financial Updates: As the company progresses, monitor subsequent accounts for improvements or deteriorations in financial health.