Company Number: 15169576

Analysis Date: 2025-07-20 19:17 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position (£-7,376) and negative net current assets (£-8,841) in its first financial period, indicating insolvency on a balance sheet basis. This suggests it may struggle to meet short-term obligations without additional capital or financing.

2. Key Concerns:

• Negative Equity and Working Capital Deficit: The company’s liabilities exceed its assets, which is a significant solvency risk.
• Limited Operating History and Scale: Incorporated in September 2023 with only one employee, the business has not yet demonstrated operational stability or revenue generation.
• Concentrated Control and Potential Governance Risk: A single individual and two corporate entities hold all shares and voting rights, which could pose governance challenges or limit oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, showing regulatory compliance.
• Clear Industry Focus: Classified under business and domestic software development (SIC 62012) which is a sector with scalable growth potential.
• Ownership Transparency: Persons with significant control are clearly identified, aiding transparency.

4. Due Diligence Notes:

• Investigate the nature of the current liabilities and whether these are trade payables, loans, or director loans.
• Review the company’s business plan and funding sources to assess ability to restore positive net assets and liquidity.
• Confirm any off-balance sheet obligations or contingent liabilities not disclosed in the micro-entity accounts.
• Assess the background and financial strength of the shareholders and the director, including their willingness and capability to provide further financial support.