Company Number: 13911288

Analysis Date: 2025-07-20 17:00 UTC

1. Risk Rating: MEDIUM
   The company has shown a significant turnaround from net liabilities to net assets within two years, indicating improving solvency. However, the modest absolute level of net assets (£12,606) and reliance on debtors from related parties pose moderate risks to liquidity and operational stability.

2. Key Concerns:

• Debtor Concentration: The entire debtor balance (£14,268) is owed by group undertakings or related entities, which may impact cash flow if these balances are not collectible on time or at all.
• Modest Cash Holdings: Cash at bank is low (£4,081), which may constrain the company's ability to meet short-term obligations promptly.
• Profitability & Sustainability Unknown: No statement of comprehensive income has been filed, limiting insight into trading performance and ongoing operational viability.

3. Positive Indicators:

• Improved Net Assets: Shareholders’ funds improved from negative £237 in 2023 to positive £12,606 in 2024, signaling strengthening financial position.
• Current Liabilities Covered: Current assets exceed current liabilities by a comfortable margin (£12,606 net current assets), indicating short-term solvency.
• No Filing or Governance Issues: All statutory accounts and confirmation statements are filed on time with no overdue filings or penalties reported.

4. Due Diligence Notes:

• Confirm collectability and nature of intercompany debtors and assess the financial health of related entities.
• Investigate profitability and cash flow trends as no detailed profit and loss information is available.
• Review director’s strategic plans and funding arrangements to assess operational sustainability and growth prospects.
• Verify that tax liabilities (£4,770 corporation tax creditors) are properly accrued and manageable.