Company Number: 13115705

Analysis Date: 2025-07-20 11:02 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with persistent net liabilities and increasing current liabilities primarily funded by director loans.

2. Key Concerns:

• Negative Net Assets: The company has net liabilities of £5,413 as of 31 March 2024, worsening from prior years, indicating insolvency on a balance sheet basis.
• Liquidity Strain: Net current liabilities stand at £5,550, with cash balances low (£178), and current liabilities predominantly consisting of director loan accounts (£5,428), suggesting reliance on insider funding to meet obligations.
• Operating Scale & Sustainability: Minimal fixed assets and cash flows, combined with only 2 employees and no disclosed revenue figures, raise concerns about business sustainability and operational viability.

3. Positive Indicators:

• Compliance: The company is up to date with filing requirements for accounts and confirmation statements, indicating regulatory compliance and good governance practices in terms of statutory obligations.
• Clear Ownership & Control: Ownership and control are concentrated with one individual (Ms Anne Cooke), which can facilitate swift decision-making.
• Industry Activity: Engaged in diverse media-related activities (video production, book and other publishing), potentially allowing multiple revenue streams.

4. Due Diligence Notes:

• Investigate the nature and terms of the director loan accounts to assess risk of withdrawal or calls for repayment.
• Obtain detailed profit and loss statements or turnover information to evaluate operational cash flow and revenue generation.
• Review business plans or forecasts to understand management’s strategy for returning to profitability and solvency.
• Assess any contingent liabilities or off-balance sheet obligations not disclosed in current filings.
• Confirm no director disqualifications or regulatory issues related to governance beyond publicly available information.