Company Number: 15079665

Analysis Date: 2025-07-20 18:48 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits negative net current assets and net liabilities shortly after incorporation, indicating insolvency risk. The low share capital and small asset base heighten concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Negative net current assets (£-3,753) and net liabilities (£-4,065) as of the latest accounts date, suggesting liquidity shortfall.
• Very low share capital (£3.41) relative to liabilities, implying insufficient equity buffer.
• Recent director resignation (Nov 2024) may indicate potential governance or operational instability, especially in a small, newly incorporated company.

3. Positive Indicators:

• Company is current on filings with no overdue accounts or confirmation statements, suggesting compliance with statutory requirements.
• Operating in the software development sector (SIC 62012), which can have scalable business models with relatively low fixed asset requirements.
• Small employee base (average 3 employees) consistent with micro entity status, possibly controlling costs.

4. Due Diligence Notes:

• Investigate the nature and timing of the current liabilities to assess when cash outflows are expected and whether the company has plans or secured funding to cover these.
• Review cash flow forecasts and funding arrangements to evaluate liquidity and going concern assumptions given the negative net assets.
• Clarify reasons behind the director resignation and impact on company strategy and management capability.
• Examine any unpaid or accrued liabilities (noted accruals of £312) for potential contingent risks.
• Assess related party transactions or shareholder loans that may not be reflected in the limited balance sheet data.