Company Number: 14156288

Analysis Date: 2025-07-29 19:51 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position and persistent net current liabilities, indicating solvency concerns. The increase in short-term borrowings and trade creditors without corresponding liquid assets signals liquidity risk. The absence of profit and the deficit in shareholders' funds further stress operational sustainability.

2. Key Concerns:

• Negative net assets (£-4,363) and shareholders' deficit, which suggest the company is insolvent on a balance sheet basis.
• Net current liabilities (£4,363) driven by high short-term bank loans (£1.13M) and trade/other creditors exceeding current assets significantly, raising liquidity risk.
• Lack of profitability information due to exemption from delivering an income statement, limiting insight into operational performance and cash flows.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, reflecting good regulatory compliance.
• Presence of tangible stock assets valued at £2.28M, potentially representing real estate holdings aligned with its SIC classification (buying and selling own real estate).
• Directors are actively involved, with a named property developer as director and significant shareholders identified, which may indicate committed ownership.

4. Due Diligence Notes:

• Review detailed income statement and cash flow data to assess operational cash generation and sustainability, currently unavailable due to exemption.
• Investigate the nature and terms of bank loans and other creditors to understand repayment obligations and security interests, including the impact of secured bank loans of £1.13M.
• Assess valuation and marketability of stock (real estate assets) to determine potential for asset liquidation or income generation.
• Confirm no director disqualifications or governance issues beyond the data provided, especially considering the short operating history since incorporation in 2022.