Company Number: 14779533

Analysis Date: 2025-07-20 16:17 UTC

1. Risk Rating: LOW
   The company is very recently incorporated (April 2023) and has filed timely accounts with positive net current assets and net assets, indicating a solvent position at this early stage.

2. Key Concerns:

• Lack of Operating History: Having less than one full year of trading and no employees reported may limit the assessment of ongoing operational stability and revenue generation.
• Small Asset Base: With net assets of £9,217 and current assets of £45,458, the financial buffer is minimal, which could present liquidity challenges if unexpected expenses arise.
• Concentration of Control: The sole director and 100% shareholder is Mr. Rafael Nieto Gordillo, which concentrates decision-making risk and may impact governance robustness.

3. Positive Indicators:

• Solvent Balance Sheet: Current assets exceed current liabilities (£45,458 vs. £34,977), resulting in positive working capital of £10,481.
• Timely Compliance: No overdue filings for accounts or confirmation statements indicate good regulatory compliance to date.
• Clear Ownership and Management: PSC and director information align, showing transparency about control and management.

4. Due Diligence Notes:

• Verify the nature and liquidity of current assets to confirm cash flow adequacy.
• Investigate business model and revenue sources, given zero employees and very early stage, to assess operational sustainability.
• Review any related party transactions or commitments given sole director/shareholder structure.
• Monitor future filings for evidence of growth, profitability, and continued compliance.