Company Number: 14067205

Analysis Date: 2025-07-29 19:11 UTC

1. Risk Rating: LOW
   The company demonstrates a strong net asset position relative to its size and category, with no overdue filings or indications of distress. Its micro-entity status and recent incorporation limit the historical data but do not currently indicate solvency or liquidity concerns.

2. Key Concerns:

• Limited operating history: Incorporated in 2022, the company has only two full years of financial data, restricting trend analysis and long-term viability assessment.
• Accruals and deferred income amounting to £40,822 suggest future obligations or income recognition timing that should be monitored for cash flow impact.
• Shareholder structure is fragmented among four significant controllers, which could pose governance challenges if conflicting interests emerge.

3. Positive Indicators:

• Strong net current assets of £142,839 as of 31 March 2024 provide a comfortable liquidity buffer against current liabilities of £86,895.
• No overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
• Directors are also significant shareholders, which often aligns management incentives with company performance and stability.

4. Due Diligence Notes:

• Clarify the nature and timing of the accruals and deferred income to assess any potential liquidity strain in upcoming periods.
• Review cash flow statements and projections if available, to verify operational cash generation and working capital management.
• Investigate any intercompany transactions or dependencies given that two PSCs are corporate entities in related sectors.
• Confirm the operational status and business model sustainability given the micro-entity classification and limited asset base.