Company Number: 13134118

Analysis Date: 2025-07-29 20:43 UTC

1. Risk Rating: HIGH

Justification: The company is currently showing negative net current assets and net liabilities as of the latest financial year end (2024), indicating solvency risk. The business is classified as dormant for the latest period and has minimal share capital (£1), suggesting limited operational activity and financial resources.

2. Key Concerns:

• Solvency deterioration: Net current liabilities of £2,060 in 2024 compared to positive net assets in prior years signals financial stress.
• Dormant status: The company filed dormant accounts for the latest period despite being active, raising questions about ongoing operational viability and revenue generation.
• Minimal cash resources: Cash on hand dropped substantially to £282 in 2024 from £5,290 in previous years, indicating liquidity constraints.

3. Positive Indicators:

• No overdue filings: Accounts and confirmation statements are up to date, suggesting compliance with statutory filing requirements.
• Single director with full ownership: Clear control by Mrs. Larysa Boichuk may simplify governance and decision-making.
• Small scale and low complexity: The company is small with minimal employees and no fixed assets, limiting operational risks related to large capital expenditures.

4. Due Diligence Notes:

• Investigate reasons for dormancy designation despite active status and prior trading activity reflected in debtor balances.
• Clarify source and collectability of debtor balances, as these constitute the majority of current assets.
• Review director’s plans to restore solvency and improve liquidity, including potential capital injections or operational restart.
• Confirm absence of contingent liabilities or off-balance sheet risks not disclosed in the abridged accounts.
• Assess the business model viability in the remediation and waste management sector given current financial constraints.