Company Number: 15729679

Analysis Date: 2025-07-29 18:26 UTC

1. Risk Rating: HIGH
   The company shows negative net current assets and net liabilities shortly after incorporation, indicating potential solvency risks. Its minimal cash balance relative to current liabilities is concerning for meeting short-term obligations.

2. Key Concerns:

• Negative Working Capital: Net current liabilities of £13 with only £102 cash suggest liquidity constraints.
• Net Liabilities Position: Shareholders' funds are negative at £14, indicating the company is not currently solvent on a balance sheet basis.
• Limited Operational History and Scale: Incorporated less than a year ago with only one employee and limited financial activity, raising questions about operational stability and future cash flow generation.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date with no overdue filings or regulatory issues.
• Full Control by a Single Director/Shareholder: Clear governance structure with one controlling individual may facilitate swift decision-making.
• Exemption from Audit: Small company regime status simplifies compliance and reporting.

4. Due Diligence Notes:

• Investigate the nature of the £115 creditors and timing of payments to assess liquidity pressures.
• Review business model and revenue generation plans given the negative equity and minimal assets.
• Confirm no contingent liabilities or off-balance sheet risks exist.
• Evaluate the director’s financial support or plans to recapitalize given the early stage and current loss position.
• Clarify if the company has any contracts, clients, or operational revenues to support ongoing viability.