Company Number: 15218266

Analysis Date: 2025-07-20 16:40 UTC

1. Risk Rating: HIGH
   Justification: The company has negative net assets and shareholder funds (£-1,052) shortly after incorporation, with current liabilities far exceeding current assets. The large amounts due after more than one year relative to total assets indicate significant leverage or debt. The micro-entity accounts are unaudited and reveal limited operational history, increasing risk uncertainty.

2. Key Concerns:

• Negative equity position at an early stage, suggesting insolvency risk if losses continue or debt repayment is demanded.
• Current liabilities (£535,871) vastly exceed current assets (£9,530), indicating potential liquidity challenges to meet short-term obligations.
• Lack of profit and loss disclosure (exemption claimed) limits insight into operational performance and cash flow generation capability.

3. Positive Indicators:

• The company is active, compliant with filing deadlines for both accounts and confirmation statements, indicating governance discipline.
• Fixed assets of £524,350 suggest tangible asset backing, potentially real estate holdings consistent with the company’s SIC codes in property development and letting.
• Single director and controlling shareholder structure (JSI Investments Ltd and Mr. Hirani) provide clear accountability.

4. Due Diligence Notes:

• Investigate the nature and terms of the £535,871 liabilities falling due after more than one year, including repayment schedules and creditor identities.
• Review cash flow statements and profit & loss data (if available beyond micro-entity exemptions) to assess operational sustainability and future funding needs.
• Confirm valuation and liquidity of fixed assets to evaluate their adequacy as collateral or for sale if needed.
• Assess the background and financial strength of the parent company JSI Investments Ltd to understand support available.
• Monitor director conduct records and any changes in control or financial position in subsequent filings.