Company Number: 15053812

Analysis Date: 2025-07-20 13:11 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets and net current liabilities, albeit a small amount (£97), indicating immediate solvency concerns. Being a newly incorporated micro-entity with minimal financial data and negative equity suggests elevated risk.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows net liabilities of £97, implying the company’s liabilities exceed its assets.
• Insufficient Financial History: Incorporated in August 2023 with only one financial period filed; limited data restricts assessment of operational viability and cash flow trends.
• Single Director and Shareholder Control: Full ownership and control by one individual may raise governance and continuity risks.

3. Positive Indicators:

• Current Filing Compliance: No overdue accounts or confirmation statements, indicating regulatory compliance to date.
• Micro-Entity Status: Small scale and limited operational complexity may reduce operational risk in early stages.
• Clear Industry Classification: Engaged in manufacture of other rubber products (SIC 22190), providing clarity on business activity.

4. Due Diligence Notes:

• Investigate the nature and source of the current liabilities amounting to £97 and the assets held—determine if this is a negligible or recurring issue.
• Review any business plans or forecasts to understand strategies for achieving positive net assets and profitability.
• Assess director’s background and financial commitment to support the company through its development phase.
• Confirm if any related party transactions or initial funding arrangements exist which might impact financial stability.