Company Number: 14993958

Analysis Date: 2025-07-20 15:37 UTC

1. Risk Rating: HIGH
   The company shows a net liability position of £112 as of 31 July 2024, with current liabilities exceeding fixed assets. Being newly incorporated in 2023, it has minimal financial history and limited assets, indicating elevated solvency risk.

2. Key Concerns:

• Negative net assets (£112 deficit) suggest potential insolvency or undercapitalization.
• Current liabilities (£6,373) exceed fixed assets (£6,261) and there are no reported current assets, indicating liquidity stress.
• Very limited operational history (less than a year) and only one employee, raising questions about business sustainability and revenue generation capacity.

3. Positive Indicators:

• Compliance is up to date with no overdue accounts or confirmation statements, showing good governance and regulatory adherence.
• Sole director and 100% shareholder control by Mr. Josh William McMeekin may facilitate quick decision-making and streamlined management.
• Micro-entity classification implies simplified reporting requirements, reducing administrative burden and costs.

4. Due Diligence Notes:

• Confirm the nature of current liabilities and whether they are trade payables, loans, or other debts.
• Investigate cash flow projections and any external funding or capital injections planned to improve the balance sheet.
• Review business plan and contracts to assess revenue generation potential and operational model viability.
• Clarify whether there are any contingent liabilities or off-balance sheet obligations.
• Assess director’s background for experience in the manufacturing sector (SIC 28110) and ability to grow the business.