Company Number: 13888070

Analysis Date: 2025-07-20 16:38 UTC

1. Risk Rating: HIGH
   The company exhibits significant negative net assets and net current liabilities, indicating solvency issues. The absence of current assets and persistent deficits over multiple years heighten concerns about financial sustainability.

2. Key Concerns:

• Negative Net Assets and Liabilities: The company shows net liabilities of £933 as of the latest accounts (2025), worsening from £599 the previous year, consistently reflecting a weak financial position.
• Liquidity Deficit: Net current assets are negative (£-300), with current liabilities exceeding any current assets, implying potential cash flow difficulties to meet short-term obligations.
• Operational Viability: The company reported no employees and no audit was conducted, suggesting minimal operational activity and limited financial transparency.

3. Positive Indicators:

• Compliance with Filings: The company’s accounts and confirmation statement are up to date with no overdue filings, reflecting good regulatory compliance.
• Sole Director and PSC Alignment: The sole director and sole person of significant control is the same individual, which may simplify governance and decision-making processes.
• Micro-Entity Filing: The company qualifies as a micro-entity, reducing administrative burdens and costs.

4. Due Diligence Notes:

• Investigate the source and nature of liabilities, particularly the £633 current liabilities and £300 current liabilities over recent years, to understand creditor exposure.
• Review cash flow statements or bank statements (not provided) to assess liquidity and operational cash generation capacity.
• Clarify the business model and revenue generation strategy given zero employees and continued losses.
• Obtain information on any related party transactions or director loans that may affect financial health.
• Confirm if the director has plans or has injected capital to address solvency issues.