Company Number: 13010105

Analysis Date: 2025-07-20 14:19 UTC

1. Risk Rating: HIGH
   The company exhibits persistent and significant negative net assets and net current liabilities over multiple years, indicating serious solvency and liquidity issues. The fixed assets are outweighed by current liabilities by a wide margin, suggesting the company may struggle to meet short-term obligations.

2. Key Concerns:

• Negative Net Assets: Consistent net liabilities (~£2,000) over 5 years highlight erosion of shareholder equity and potential insolvency risk.
• Severe Working Capital Deficit: Net current liabilities of approximately £97,000 greatly exceed current assets (~£2,250), indicating poor liquidity and inability to cover short-term debts.
• No Employees and Minimal Capital: The absence of employees and minimal share capital (£100) may reflect limited operational capacity and weak capital base to support business activities.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time with no overdue reports, indicating adherence to regulatory requirements.
• Stable Fixed Asset Base: Fixed assets are consistent at £95,040, which could represent valuable long-term assets underpinning the business.
• Experienced Directors: The directors include an accountant and a consultant, which may provide some professional oversight.

4. Due Diligence Notes:

• Verify the nature and valuation of fixed assets to assess if they can be liquidated or leveraged to improve liquidity.
• Obtain detailed profit and loss accounts, which are not publicly filed, to understand operational performance and cash flow generation.
• Investigate the cause and sustainability of the large current liabilities and whether there are arrangements with creditors to manage these.
• Review any off-balance sheet liabilities or contingent risks unreported in the micro-entity filings.
• Assess the business model viability given the lack of employees and the industry specifics of mixed farming.