ITTRIA SERVICES LIMITED

Risk Rating: HIGH Justification: The company is currently in Liquidation, meaning it is undergoing a formal closure process and has ceased normal operations. Furthermore, the company is deeply insolvent, with net liabilities of nearly £500,000 as of the last filed accounts (2017), and both individuals with significant control have been formally disqualified from acting as directors by the Insolvency Service.

Key Concerns: * Corporate Failure and Insolvency: The company status is "Liquidation." The most recent filed accounts (FY ending June 2017) reveal a severe solvency crisis, with total liabilities exceeding total assets by £489,941. Net current liabilities stood at £580,646, demonstrating an utter inability to meet short-term obligations. * Director Disqualifications: Both People with Significant Control (PSCs)—Peter John Darling and Charlotte Niamh Darling—have received director disqualification orders (8 years and 4.5 years, respectively). This indicates serious misconduct, likely related to this company's insolvency, such as wrongful trading, fraud, or breach of fiduciary duties. * Extreme Liquidity Deficit: As of June 2017, the company held merely £177 in cash against current liabilities of £766,960. The going concern note in the accounts relied entirely on continued financial support from the directors, a commitment that clearly was not sustained given the subsequent liquidation and disqualifications.

Positive Indicators: * No positive indicators: There are no favorable financial, operational, or governance indicators present in the data. The company has failed, statutory filings are overdue, and the controllers are disqualified.

Due Diligence Notes: * Liquidation Details: Identify the appointed liquidator and review their Statement of Affairs to understand the estimated realizable value of assets and the expected return to creditors, which appears exceptionally low given the asset base. * Director Disqualification Orders: Obtain the formal disqualification orders from the Insolvency Service to understand the specific findings of misconduct, which is critical if assessing any future ventures associated with these individuals. * Accounting Anomalies: Investigate the £90,000 intangible asset addition (computer software) recognized in the 2017 accounts. The notes state it is being amortized over an estimated useful life of "nil years," which is an unusual accounting policy that suggests an immediate write-off was appropriate, artificially inflating the asset base. * Creditor Profile: Examine the composition of the £766,960 in current liabilities. The 2017 filings show significant debts owed to other loans (£309,792), trade creditors (£110,063), and VAT (£61,949). Determine whether any of these debts are secured or subject to personal guarantees by the disqualified directors.