Company Number: 13524051

Analysis Date: 2025-07-20 14:19 UTC

1. Risk Rating: HIGH
   Justification: The company’s net assets have turned negative as of the latest financial year, indicating insolvency risk. Current liabilities significantly exceed current assets, signaling liquidity concerns. The company is very small with no employees and limited operational data, increasing operational risk.

2. Key Concerns:

• Negative Net Assets: The reported net assets of -£8,824 in 2023 shows the company’s liabilities exceed its assets, posing a solvency threat.
• Poor Liquidity Position: Current liabilities (£67,819) vastly exceed current assets (£745), indicating potential difficulties in meeting short-term obligations.
• Lack of Operational Scale: No employees and minimal current assets suggest a very limited operational base, raising questions about sustainability and revenue generation.

3. Positive Indicators:

• Up-to-date Filing: The company’s accounts and confirmation statement are filed on time with no overdue filings, indicating compliance with statutory requirements.
• Directors’ Stability: The same two directors and secretary have been in place since incorporation, suggesting consistent governance at the leadership level.
• Property Asset Base: The company holds fixed assets valued at £58,250, which could potentially be leveraged or sold to improve liquidity.

4. Due Diligence Notes:

• Investigate the nature and terms of the current liabilities of £67,819, particularly if these include related party loans or secured obligations.
• Review the company’s cash flow statements and forecasts (if available) to assess ongoing liquidity and operational viability.
• Examine the business model and revenue streams to understand how the company plans to restore positive net assets and sustain operations.
• Confirm no undisclosed contingent liabilities or regulatory issues given the negative equity position.
• Validate the directors’ plan or strategy for addressing the company’s financial position.