Company Number: 15112467

Analysis Date: 2025-07-20 11:26 UTC

1. Risk Rating: MEDIUM
   The company is newly incorporated (September 2023) and has filed its first set of accounts with modest net assets (£2,449) and a marginally negative working capital (£-51). While there is no overdue filing and the company is active, the limited financial history and tight liquidity position suggest moderate solvency and operational risk.

2. Key Concerns:

• Liquidity Tightness: Current liabilities (£25,327) slightly exceed current assets (£25,276), resulting in negative net current assets, which may constrain short-term cash flow flexibility.
• Limited Operating History: Being less than one year old with only one financial period filed limits visibility on operational stability and profitability trends.
• Modest Capital Base: Shareholders’ funds are low (£2,449), indicating limited equity buffer to absorb losses or finance growth, raising solvency risk if trading conditions deteriorate.

3. Positive Indicators:

• Current Compliance: No overdue accounts or confirmation statements; demonstrates responsible governance and regulatory compliance to date.
• Cash Holdings: Cash of £12,227 provides some immediate liquidity to meet obligations.
• Clear Ownership & Control: Ownership and directorship is transparent with two known persons controlling 25-50% each, reducing governance complexity risk.

4. Due Diligence Notes:

• Review detailed profit and loss data to assess revenue generation and profitability trends since incorporation (not included in current accounts).
• Monitor ongoing liquidity management and creditor payment practices given the negative net working capital position.
• Investigate the nature of “Other creditors” (£22,881) to determine if these are trade payables, loans, or related party balances and their terms.
• Confirm business plan and cash flow forecasts to evaluate sustainability and capital requirements.