Company Number: 13526945

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: MEDIUM
   The company is active and compliant with filing deadlines, but the very low net assets and diminishing working capital raise concerns about its ability to meet obligations comfortably.

2. Key Concerns:

   • Weak Net Asset Position: Net assets have declined sharply from £4,135 in 2021 to only £262 in 2024, indicating erosion of equity and limited financial buffer.
   • Minimal Working Capital: Net current assets dropped significantly to just £262 at the latest year-end, reflecting tight liquidity and potential cash flow constraints.
   • Small Scale and Limited Financial Data: As a micro-entity with only two employees, the company likely has limited operational scale and financial resilience, which may impact sustainability.

3. Positive Indicators:

   • Compliance and Governance: No overdue filings, recent accounts and confirmation statement submitted on time, demonstrating good regulatory compliance and governance discipline.
   • Stable Ownership and Management: Single director and 75-100% shareholder control by Jonathan Stockdale, which may allow for streamlined decision-making and consistent strategic direction.
   • Consistent Current Asset Base: Current assets have remained relatively stable around £16,000, indicating some operational or cash balance consistency.

4. Due Diligence Notes:

   • Investigate the cause of the net asset decline and erosion of working capital to understand underlying profitability or loss drivers.
   • Review cash flow statements and creditor payment terms to assess liquidity risk more thoroughly.
   • Explore the business model and revenue streams given the "activities auxiliary to financial intermediation" classification and small employee base to evaluate operational sustainability.
   • Confirm no director disqualifications or adverse regulatory actions against the sole director.
   • Assess future funding plans or capital injections if the company intends to grow or maintain operations.