Company Number: 15171496

Analysis Date: 2025-07-20 17:25 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits negative net assets (£-5,377) and net current liabilities (£-5,377) as of the most recent accounts date, indicating insolvency on a balance sheet basis. The cash position (£18,024) is insufficient to cover current liabilities (£23,401), suggesting liquidity issues. Being newly incorporated (September 2023) with only one reporting period limits operating history to assess sustainability.

2. Key Concerns:

• Negative net assets and shareholders' funds imply the company is technically insolvent, raising solvency risk concerns.
• Current liabilities exceed cash and current assets, signaling potential liquidity constraints to meet short-term obligations.
• The company has no employees reported and limited operating history, which brings uncertainty about operational stability and revenue generation capability.

3. Positive Indicators:

• Compliance is current with no overdue filings for accounts or confirmation statements, reflecting good regulatory adherence.
• Ownership and control are consolidated with a single director and 75-100% shareholder, potentially enabling swift decision-making.
• The company operates within the real estate letting sector (SIC 68209), which can offer stable income streams if assets and operations are well managed.

4. Due Diligence Notes:

• Investigate the nature and origin of the current liabilities (£23,401) and whether they are trade creditors, loans, or other obligations.
• Understand the company’s business model, revenue sources, and whether any property assets exist or are planned to be acquired, given the negative net assets.
• Assess the director’s plans for addressing the negative equity and liquidity shortfalls, including capital injections or operational strategies.
• Verify whether the company has secured any leases or property holdings, and the status of any contracts or commitments.
• Consider any related party transactions or financial support arrangements from the director or other entities.