Company Number: 13567701

Analysis Date: 2025-07-29 19:50 UTC

1. Risk Rating: MEDIUM
   The company shows positive net assets and an improving fixed asset base, but current liabilities exceed current assets significantly in the latest year, indicating potential short-term liquidity issues.

2. Key Concerns:

• Liquidity Deterioration: Current assets dropped sharply from £9,700 in 2023 to £1,251 in 2024, while current liabilities rose to £29,797, creating a negative net current assets position of -£28,546, which is a red flag for cash flow stress.
• Working Capital Deficit: The large increase in short-term creditors relative to current assets suggests the company may struggle to meet short-term obligations without additional financing or cash inflows.
• Limited Financial History: As a company incorporated in 2021, financial data is limited to a few years, reducing the ability to assess long-term operational stability and trends comprehensively.

3. Positive Indicators:

• Net Asset Growth: Shareholders’ funds increased from £11,870 in 2023 to £13,374 in 2024, reflecting retained earnings or capital injection that supports solvency.
• Fixed Asset Investment: Fixed assets more than doubled in the latest year, potentially signaling investment in operational capacity or infrastructure.
• Compliance: Company filings (accounts and confirmation statement) are up to date with no overdue reports, indicating good regulatory compliance and governance discipline.

4. Due Diligence Notes:

• Investigate causes for the sharp reduction in current assets and increase in current liabilities, specifically whether these are timing issues, increased trade payables, or other operational factors.
• Review cash flow statements (if available) to understand the company’s liquidity management and working capital cycle.
• Assess the nature and terms of short-term creditors to gauge risk of supplier pressure or defaults.
• Confirm the sustainability of revenue streams and customer base given the limited operating history and sector risks in licensed carrier services.
• Clarify any contingent liabilities or off-balance sheet risks that could impact solvency.