Company Number: 15126624

Analysis Date: 2025-07-20 11:36 UTC

1. Risk Rating: HIGH
   The company’s financial statements show net liabilities of £1,003 and negative net current assets of the same amount, indicating insolvency at the balance sheet date. The micro-entity accounts reveal minimal assets (£1) versus creditors of £1,004, which is a significant red flag for solvency and liquidity risk.

2. Key Concerns:

• Insolvency: The company’s net liabilities position demonstrates an inability to meet current obligations from existing assets.
• Lack of Operating Activity: No employees reported and nominal current assets suggest minimal or no trading activity, raising sustainability concerns.
• Dependence on Director Support: The directors’ report explicitly states reliance on director support for going concern, which adds risk if such support is withdrawn.

3. Positive Indicators:

• Timely Filings: Accounts and confirmation statements are up to date with no overdue filings, reflecting compliance with statutory obligations.
• Clear Ownership and Control: The current director and sole significant controller is identified, simplifying governance and decision-making.
• Going Concern Statement: Directors have acknowledged going concern and support arrangements, indicating awareness and management intention to continue operations.

4. Due Diligence Notes:

• Investigate the nature and extent of director support commitments—are these financial guarantees, loans, or capital injections?
• Review any subsequent trading activity or cash flows post-account date to assess if liquidity has improved.
• Confirm if there are any contingent liabilities or undisclosed debts beyond the £1,004 creditors.
• Understand the business plan and revenue model given the lack of employees and minimal assets.
• Verify no director disqualifications or regulatory issues affecting governance.