Company Number: SC686333

Analysis Date: 2025-07-29 20:20 UTC

1. Risk Rating: HIGH
   Given the company's persistent net current liabilities exceeding £200,000 and negative net assets as of the latest accounts, there is a significant solvency concern. The absence of audit and limited financial disclosures further heighten this risk.

2. Key Concerns:

• Solvency Risk: The company’s net liabilities position (-£208) and negative working capital (-£202,548) suggest it may struggle to meet short-term obligations without additional capital infusion or restructuring.
• Liquidity Concerns: Negative current assets and large current liabilities imply cash flow constraints, increasing the risk of default on payables or operational disruption.
• Operational Stability: The company has reported no turnover or profit data, with fixed assets dominating the balance sheet. This raises questions about its revenue-generating capacity and ongoing operational viability.

3. Positive Indicators:

• Timely Filing: The company has filed accounts and confirmation statements on time, indicating compliance with statutory requirements.
• Stable Asset Base: Fixed assets remain consistent at £202,580 over multiple years, suggesting some tangible asset backing.
• Experienced Board: Directors appear consistent since incorporation with diverse occupational backgrounds, potentially supporting stable governance.

4. Due Diligence Notes:

• Investigate the nature and marketability of the fixed assets to assess their realizable value.
• Review cash flow statements or bank records (if available) to clarify liquidity status beyond the balance sheet snapshot.
• Confirm the company’s revenue model and whether it has generated income or incurred losses since incorporation.
• Ascertain if there are any contingent liabilities, related party transactions, or off-balance sheet liabilities not reflected in the filings.
• Verify directors' intentions and plans for addressing the negative net asset position.