Company Number: 14811996

Analysis Date: 2025-07-20 17:15 UTC

1. Risk Rating: HIGH
   The company demonstrates significant solvency risk with net current liabilities and negative shareholders’ funds at the balance sheet date. The low cash balance relative to current liabilities and reliance on director support increase liquidity concerns.

2. Key Concerns:

• Negative net current assets of £15,086 and overall net liabilities of £14,340 indicate potential inability to meet short-term obligations without external support.
• Cash balance is minimal (£494), suggesting limited immediate liquidity to cover current liabilities (£46,668), including significant VAT and director’s loan account balances.
• The company has no employees and limited fixed assets, raising questions about operational capacity and sustainability of business activities in licensed carriers sector.

3. Positive Indicators:

• The company is compliant with filing deadlines for both accounts and confirmation statements, indicating good regulatory compliance to date.
• The principal director holds 75-100% control and has agreed to continue supporting the company as a going concern, which may provide short-term financial stability.
• The company is newly incorporated (April 2023) and filed its first financial statements timely, demonstrating initial organizational discipline.

4. Due Diligence Notes:

• Investigate the nature and recoverability of trade debtors (£25,588) to assess cash flow prospects.
• Clarify terms and ongoing status of director’s loan account (£29,015) and likelihood of continued director funding.
• Review business plan and revenue projections to understand path to profitability and operational sustainability.
• Examine VAT liabilities and payment history to ensure no regulatory arrears or penalties.
• Confirm if any contingent liabilities or off-balance sheet obligations exist that could exacerbate financial distress.