Company Number: 14692208

Analysis Date: 2025-07-29 12:08 UTC

1. Risk Rating: HIGH
   Justification: The company shows net liabilities of £39,276 and negative net current assets of £267,605, indicating an inability to cover short-term liabilities with current assets. The business is new (incorporated in 2023) with only one set of micro-entity accounts filed, reflecting early-stage financial instability and no audit performed.

2. Key Concerns:

• Negative net assets and working capital suggest solvency risks and potential difficulty meeting financial obligations as they fall due.
• The company has only two employees, limited financial history, and operates in property letting, which can be capital intensive with cash flow volatility.
• Lack of audited accounts and limited disclosure under micro-entity reporting may obscure underlying operational and financial risks.

3. Positive Indicators:

• The company remains active with no overdue filings or compliance issues reported.
• Directors and persons of significant control are clearly identified with no apparent disqualifications or governance concerns.
• Fixed assets of £228,329 likely represent real estate holdings consistent with its SIC code, potentially providing a tangible asset base.

4. Due Diligence Notes:

• Investigate the nature and valuation of fixed assets to understand if they are marketable and can support liquidity needs.
• Review cash flow projections and funding sources to assess the company’s ability to manage negative working capital.
• Assess related party transactions or shareholder support given the founders hold 25-50% shares each and are also directors.
• Obtain management accounts or additional financial information beyond micro-entity filings to better understand operational performance and risks.