Company Number: 15387579

Analysis Date: 2025-07-29 19:13 UTC

1. Risk Rating: LOW
   The company is very newly incorporated (January 2024) and has minimal financial activity as reflected in the unaudited accounts for the period ending March 2024. The balance sheet shows a small net asset base (£100), with current assets slightly exceeding current liabilities, indicating a minimal but positive working capital position. There are no overdue filings or signs of regulatory non-compliance. Given the limited operational history and financial scale, immediate solvency or liquidity risks appear low.

2. Key Concerns:

• Limited Financial History and Scale: The company has only a few months of trading history and minimal financial data, which limits the ability to assess sustainability or growth prospects.
• Minimal Capitalization: Share capital of only £100 and net assets of the same amount indicate very limited financial buffer against adverse events or losses.
• Ownership and Control Change: The 75-100% shareholding and control shifted from one director (Grzegorz Szewczyk) to another (Luke Thomas) within the first year, which may merit scrutiny regarding governance and strategic direction consistency.

3. Positive Indicators:

• Compliance: All statutory filings including confirmation statement and accounts are up to date with no overdue returns or penalties.
• Working Capital Position: Current assets exceed current liabilities by £100, suggesting the company can currently meet its short-term obligations.
• Director Stability: The current director is resident in the UK with no apparent disqualification or negative records.

4. Due Diligence Notes:

• Review Business Plan and Funding Sources: Given the very early stage of operations, understanding planned funding, cash flow projections, and business model viability is critical.
• Investigate Reason for Director and PSC Change: Clarify the circumstances around the change of controlling shareholder and director within 6 months of incorporation to assess potential impact on company stability.
• Monitor Future Filings and Financial Performance: As the company matures, review subsequent accounts and filings for signs of financial stress or operational difficulties.