Company Number: 13607021

Analysis Date: 2025-07-29 12:10 UTC

1. Risk Rating: HIGH
   The company exhibits consistent negative net assets and shareholders' funds over multiple years, indicating solvency challenges. The minimal cash balances relative to liabilities and absence of employees also raise significant liquidity and operational sustainability concerns.

2. Key Concerns:

• Solvency Issues: Persistent negative net assets and shareholders' funds (e.g., -£75 net assets in 2024) suggest the company is undercapitalized and may struggle to meet its long-term obligations.
• Liquidity Constraints: Cash on hand remains extremely low (£81) against current liabilities of £156, resulting in negative net current assets, which implies potential cash flow difficulties to cover short-term debts.
• Operational Inactivity: The company reports zero employees and no audit or income statement filed, which may indicate minimal or no trading activities, undermining revenue generation and sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current with its annual accounts and confirmation statement filings, showing good regulatory compliance to date.
• Clear Ownership and Control: The structure of significant control is transparent, with a single director and shareholder (Mr. Bader Hamid) owning 75-100% shares, simplifying governance and decision-making.
• No Indications of Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership, indicating no formal insolvency processes at present.

4. Due Diligence Notes:

• Verify the nature and volume of business activities given zero employees and no income statement filed. Confirm whether the company is trading or dormant in practice despite its active status.
• Investigate how the company plans to address negative equity and liquidity shortfalls, including any capital injection or restructuring plans.
• Examine director conduct and background, especially that of Mr. Bader Hamid, to assess management capability given the company's financial position.
• Review related party transactions or intercompany loans that may not be reflected in current filings but impact financial stability.