Company Number: 13114564

Analysis Date: 2025-07-20 13:31 UTC

1. Risk Rating: LOW to MEDIUM
   The company demonstrates positive net current assets and a modest but growing net asset base, indicating it can meet short-term obligations. However, the very limited financial scale as a micro-entity and absence of fixed assets suggest operational scale constraints, warranting a cautious outlook.

2. Key Concerns:

• Small scale of operations with limited current assets (£4,345) and minimal share capital (£1), which may restrict financial flexibility.
• Fluctuating current liabilities (significant decrease from £8,549 in 2023 to £1,033 in 2024) need clarification to understand underlying operational changes or debt restructuring.
• Ownership concentration with multiple PSCs claiming 75-100% control could present governance risks or ambiguities in control structure.

3. Positive Indicators:

• Positive net current assets in each reported year, increasing to £3,312 in 2024 from £819 in 2021, indicating improving working capital position.
• Timely and up-to-date filing of accounts and confirmation statements, reflecting compliance with regulatory requirements.
• Steady increase in average reported employees (from 2 to 3) suggests some operational growth or stability.

4. Due Diligence Notes:

• Investigate the nature and cause of the significant reduction in current liabilities from 2023 to 2024 to assess sustainability and impact on liquidity.
• Clarify the ownership structure and PSC declarations given overlapping claims of 75-100% control by multiple parties, ensuring no conflicts or legal ambiguities.
• Obtain more detailed financial and operational data beyond micro-entity accounts to evaluate revenue streams, cash flows, and business model sustainability.
• Review director background and any related-party transactions, especially given the same individual is both a PSC and director.