Company Number: 13105169

Analysis Date: 2025-07-20 14:41 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with negative net current assets and net liabilities worsening over the last three years. The absence of any employees and minimal asset base further increase operational risk.

2. Key Concerns:

• Persistent negative net assets and net current liabilities: The company has reported net liabilities of £3,382 as at 2023 year-end, deteriorating from £2,416 in prior years, indicating ongoing financial distress.
• Lack of operational scale: The company has zero employees over the reported periods, suggesting limited business activity and challenges in generating sustainable revenue.
• Minimal asset and capital base: Current assets are negligible (£124 in 2023), and share capital remains only £100, which impairs the company’s ability to meet obligations and invest in growth.

3. Positive Indicators:

• Compliance with filing requirements: The company has filed its accounts and confirmation statements on time, reflecting adequate regulatory compliance and governance at a basic level.
• Stable directorship: The sole director has been in place since incorporation with no indication of disqualifications or governance issues.
• Micro-entity status: The company benefits from reduced reporting requirements, potentially lowering administrative burden.

4. Due Diligence Notes:

• Investigate the nature of the company’s liabilities and creditor arrangements to assess risk of enforcement or insolvency proceedings.
• Review any off-balance-sheet liabilities or contingent risks not captured in the micro-entity accounts.
• Clarify the business model and revenue generation strategy given the absence of employees and minimal assets.
• Assess any related party transactions or director loans that might impact financial stability.
• Confirm the company’s cash flow situation and ability to fund ongoing operations.