Company Number: 14759509

Analysis Date: 2025-07-19 12:04 UTC

1. Risk Rating: HIGH
   Justification: The company has net liabilities of £642 and negative net current assets, indicating insolvency on the balance sheet date. As a micro-entity incorporated less than two years ago, it shows no significant positive equity or working capital buffer.

2. Key Concerns:

• Negative net assets and net current liabilities suggest the company is not financially solvent at the last filing date.
• Limited operating history (incorporated March 2023) with no prior financial track record to assess sustainability.
• Sole director and 100% shareholder concentration risk with potential governance and continuity vulnerabilities.

3. Positive Indicators:

• Company is current with statutory filings (accounts and confirmation statement) with no overdue issues.
• Director’s occupation aligns with industry (marine electrical installer), indicating relevant operational expertise.
• Micro-entity status reduces compliance burden, which may help preserve limited resources in early stages.

4. Due Diligence Notes:

• Investigate the nature and cause of negative net assets and working capital deficit—were these start-up losses or liabilities arising from related party transactions?
• Review cash flow statements and forecasts (if available) to assess near-term liquidity and operational viability.
• Confirm ongoing trading status and business model viability given the negative equity and short operating history.
• Assess director’s plans and financial backing to remedy the current balance sheet weakness.
• Verify no undisclosed liabilities or contingent risks that could further impair solvency.