Company Number: 14955640

Analysis Date: 2025-07-29 12:50 UTC

1. Risk Rating: HIGH
   The company demonstrates significant solvency risk with net liabilities of £19,613 as at 30 June 2024 and very limited current assets (£64) against current liabilities of £19,958. This negative working capital position indicates an inability to meet short-term obligations from available liquid resources.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: The company’s balance sheet shows net liabilities of approximately £19.6k shortly after incorporation, suggesting either initial funding challenges or early operating losses.
• Severe Liquidity Shortfall: Current liabilities exceed current assets by nearly £20k, with only £64 in cash, raising immediate concerns about cash flow sufficiency to cover creditor demands.
• Lack of Operational Activity: No employees reported, minimal fixed assets (only computer equipment), and no revenue or profit figures disclosed, implying the company is either in a very early development stage or inactive operationally.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating adherence to regulatory obligations.
• Clear Ownership and Control: A single director and 100% owner are identified, suggesting straightforward governance and decision-making structure.
• Small Company Reporting: The company has taken advantage of small company exemptions, which is appropriate given its size and age.

4. Due Diligence Notes:

• Investigate Nature and Terms of Current Liabilities: The creditor balance of nearly £20k is substantial relative to company assets; understanding whether these are trade creditors, loans from directors, or other obligations is essential.
• Review Business Plan and Funding Sources: Given the early stage and financial position, assess how the company intends to generate revenue and finance operations going forward.
• Confirm Operational Status and Strategy: With no employees and limited assets, clarify if the company is trading, dormant, or in a pre-revenue phase, and understand management’s plans.
• Monitor Director’s Background and Financial Support: Although no disqualifications are noted, further review of the director’s capacity to support the company financially or operationally is recommended.