Company Number: 15085172

Analysis Date: 2025-07-29 15:31 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and net current liabilities shortly after incorporation, indicating solvency and liquidity issues.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows net liabilities of £12,020, which reflects the company owes more than it owns.
• Severe Working Capital Deficit: Current liabilities (£11,830) far exceed current assets (£35), indicating poor short-term liquidity and potential cash flow problems.
• No Employees and Limited Operational History: With no reported employees and just over a year since incorporation, there is minimal operational track record to assess ongoing business viability or revenue generation.

3. Positive Indicators:

• Compliance with Filings: The company has filed its first accounts and confirmation statement on time, indicating regulatory compliance so far.
• Single Controlling Shareholder: Mr. Joao Manuel Sa Correia holds 75-100% ownership and voting rights, which could allow for decisive management and capital support if needed.
• Micro-Entity Status: The company benefits from simplified accounting and reporting requirements, reducing administrative costs.

4. Due Diligence Notes:

• Investigate the nature and cause of the current liabilities—are these trade creditors, loans, or director loans?
• Understand the business plan and funding arrangements, including whether the shareholder intends to inject further capital to resolve the negative equity position.
• Assess cash flow forecasts and revenue pipeline to evaluate operational sustainability given the absence of employees and minimal current assets.
• Confirm whether any related party transactions or contingent liabilities exist that may not be reflected in the accounts.
• Review director qualifications and background, although no disqualifications are noted, to gauge governance quality.