Company Number: 14126244

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

1. Risk Rating: HIGH
   The company’s most recent financials show a significant negative net asset position (£-19,054) and negative net current assets, indicating insolvency at the balance sheet date. This represents a material deterioration from positive net assets of £1,250 the prior year. The company has no fixed assets and no employees, suggesting limited operational activity or capacity.

2. Key Concerns:

• Solvency risk: The company’s negative net current assets and net liabilities position signal an inability to meet short-term obligations from current assets. This raises serious concerns about financial viability.
• Operational sustainability: Zero employees and no fixed assets imply minimal ongoing business operations or investment in growth, questioning the company’s ability to generate future revenues.
• Limited financial transparency: The company files micro-entity accounts with minimal disclosures, restricting thorough financial assessment. The accounts show a rapid deterioration in working capital within one year, which warrants further investigation.

3. Positive Indicators:

• Compliance with filings: The company is up to date with both accounts and confirmation statement submissions with no overdue filings, indicating good governance on statutory compliance.
• Single beneficial owner/director: Miss Kathryn Louise Johnson controls 75-100% of shares and voting rights and acts as director, which may allow for swift decision-making.
• Operating in a niche real estate sector: The focus on keyworker accommodation could represent a specialized market segment with potential demand.

4. Due Diligence Notes:

• Investigate the underlying cause for the sharp decline in net current assets and net assets between 2023 and 2024, including creditor composition and payment terms.
• Review cash flow statements or bank statements (if available) to assess liquidity and ability to service liabilities as they fall due.
• Clarify the company’s business model and revenue streams given no employees are reported, and fixed assets are nil.
• Assess whether there are any contingent liabilities or off-balance-sheet obligations impacting financial stability.
• Validate the director’s plans to restore solvency or fund ongoing operations.
• Check for any director conduct or insolvency history that might pose governance risks.