Company Number: 14077329

Analysis Date: 2025-07-20 12:12 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns as evidenced by persistent negative net current assets and negative shareholders' funds. The balance sheet shows total liabilities exceeding assets, indicating potential insolvency risk.

2. Key Concerns:

• Persistent negative net current assets of approximately £38,751 over three consecutive years, indicating ongoing working capital deficits.
• Negative shareholders' funds (£463 deficit) suggesting accumulated losses or undercapitalization and potential insolvency risk.
• No employees and minimal current assets (£4,865) compared to current liabilities (£43,616), raising questions about operational sustainability and cash flow sufficiency.

3. Positive Indicators:

• The company is compliant with filing deadlines for both accounts and confirmation statements, indicating good regulatory adherence to reporting requirements.
• The company is relatively new (incorporated 2022) and classified as a micro-entity, which may imply a small scale and a lean cost base.
• Ownership and management are consolidated with a single controlling individual, potentially enabling swift decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to assess whether they are trade payables, loans, or other debts and their repayment schedules.
• Clarify the company's business model and revenue generation since the financials show no employees and very limited current assets.
• Review any contingent liabilities or off-balance sheet commitments that may exacerbate financial risk.
• Assess the director’s plans or sources of funding to address the negative working capital and solvency issues.
• Confirm if the company has any ongoing or imminent insolvency proceedings or creditor actions.