Company Number: 13262329

Analysis Date: 2025-07-20 18:05 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits negative net current assets and shareholders' funds as of the latest financial year end. This indicates insolvency on a balance sheet basis. The deterioration from positive net assets in prior years to a deficit in 2024 raises material concerns about the company’s ability to meet its obligations.

2. Key Concerns:

• Negative net current assets of £4,272 as at 31 March 2024, compared to positive £7,985 in the prior year, indicating worsening liquidity and potential cash flow difficulties.
• Negative shareholders’ funds of £4,272, suggesting accumulated losses that have eroded equity and may threaten solvency.
• No employees reported, which could imply limited operational capacity or reliance on contractors, raising questions regarding business sustainability.

3. Positive Indicators:

• The company is compliant with filing requirements; accounts and confirmation statements are up to date, indicating sound regulatory compliance.
• Incorporated recently in 2021, showing the company is still in early stages of business development which may justify initial financial instability.
• Directors are clearly identified and have not indicated any disqualifications or governance issues.

4. Due Diligence Notes:

• Investigate the nature and causes of the negative net assets and working capital deficit, including recent trading performance and cash flow statements (not provided here).
• Review any management commentary or strategic report for plans to restore solvency or secure additional funding.
• Confirm the operational model and whether the lack of employees impacts project delivery or revenue generation.
• Assess related party transactions or contingent liabilities that may not be reflected in the balance sheet.
• Verify if there have been any director loans or capital injections post-year end to support liquidity.