Company Number: 15024286

Analysis Date: 2025-07-29 13:31 UTC

1. Risk Rating: HIGH
   The company shows significant solvency concerns with net current liabilities of £18,857 and net liabilities of £18,313 as at the last financial year end. The cash position of £11,072 is insufficient to cover short term liabilities of nearly £30,000, indicating liquidity stress. The company is newly incorporated and heavily reliant on director loans, which raises operational and financial sustainability questions.

2. Key Concerns:

• Negative net assets and shareholders’ funds indicate that the company is currently insolvent on a balance sheet basis.
• High director loan balances (£29,791) constitute the majority of current liabilities, suggesting dependence on related party financing rather than external funding or operational cash flow.
• The company has no employees and minimal fixed assets, implying a lack of operational scale or revenue-generating activity to support future sustainability.

3. Positive Indicators:

• The company is compliant with filing obligations, with no overdue accounts or confirmation statements, showing governance diligence.
• The directors are named and active, with no evidence of disqualification or regulatory issues.
• The company operates in real estate letting (SIC 68209), a sector that can generate stable recurring income once operational.

4. Due Diligence Notes:

• Investigate the nature and terms of the director loans, including repayment plans and interest conditions.
• Confirm the company’s business model, revenue streams, and progress towards operational activity beyond the initial setup phase.
• Review any contracts or leases related to the real estate letting business to assess future cash flow potential.
• Examine the directors’ plans to address the current negative equity position and fund ongoing operations.