Company Number: 12982284

Analysis Date: 2025-07-29 12:26 UTC

1. Risk Rating: MEDIUM
   Justification: The company shows modest net assets and a stable fixed asset base, but current liabilities consistently exceed current assets, resulting in negative net working capital in the latest year. This indicates potential short-term liquidity challenges. The long-term liabilities are significant relative to total assets, suggesting leverage risk.

2. Key Concerns:

• Negative net current assets (£-9,245 in 2023) indicate liquidity pressure to meet short-term obligations.
• High long-term creditors (£206,661) relative to net assets (£16,285) raise solvency concerns if cash flows are insufficient.
• Limited scale and micro-entity reporting reduce transparency, limiting insight into operational cash flows and profitability.

3. Positive Indicators:

• Stable fixed asset base (£233,526) suggests tangible asset backing, likely properties given SIC code.
• No overdue statutory filings (accounts or confirmation statements) signals compliance with regulatory requirements.
• Consistent director and registered office details, with no indication of governance issues or director disqualifications.

4. Due Diligence Notes:

• Investigate the nature and terms of the significant long-term liabilities to assess refinancing risk and covenants.
• Review cash flow statements or management accounts (not available here) to evaluate operational cash generation and ability to service debts.
• Confirm the valuation and marketability of fixed assets to understand collateral value in distress scenarios.
• Clarify the company’s revenue generation and profitability trends, as the micro-entity accounts do not disclose a profit and loss account.