Company Number: 14192908

Analysis Date: 2025-07-20 15:46 UTC

1. Risk Rating: HIGH
   The company shows negative net assets and net current liabilities as of the latest financial year, indicating potential solvency and liquidity issues within two years of incorporation.

2. Key Concerns:

   • Negative Net Assets: The company’s net assets declined from a positive £6,343 in 2022 to a deficit of £3,852 in 2024, signaling erosion of equity capital.
   • Working Capital Deficiency: Net current assets are negative £5,135, meaning current liabilities exceed current assets, which poses a short-term liquidity risk.
   • Reliance on Director Support: The going concern statement explicitly notes that continued operations depend on director support, highlighting potential underlying cash flow or funding challenges.

3. Positive Indicators:

   • Timely Filings: There are no overdue accounts or confirmation statements, indicating compliance with regulatory filing deadlines.
   • No Indication of Insolvency Proceedings: The company is active and not under liquidation or administration.
   • Micro-Entity Status: As a micro-entity, the company benefits from simplified reporting requirements, which may reduce administrative burdens and costs.

4. Due Diligence Notes:

   • Investigate the nature and extent of director support referenced in the going concern note, including any loans or guarantees.
   • Review profit and loss figures and cash flow statements if available to understand the operational performance and cash generation trends.
   • Confirm whether any related party transactions or contingent liabilities exist that may affect solvency.
   • Assess the company's business plan and market position given the decline in net assets within a short operational period.
   • Verify the directors’ backgrounds and any potential risks related to governance or management continuity.