Company Number: 14986727

Analysis Date: 2025-07-29 18:59 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk with net liabilities of £288,063 and negative net current assets of £218,578, indicating it cannot cover short-term liabilities with available current assets.

2. Key Concerns:

• Severe Negative Net Assets: The company’s net liabilities position strongly suggests insolvency risk and inability to meet obligations without additional funding.
• High Current Liabilities vs. Low Current Assets: Current liabilities (£262,381) far exceed current assets (£43,803), indicating liquidity stress and potential cash flow difficulties.
• Very Recent Incorporation with Limited Operating History: Incorporated in July 2023, the company’s short operational period limits visibility on business sustainability and financial performance trends.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date, indicating compliance with statutory filing requirements and good governance in this respect.
• Controlled by Single Shareholder: Bigmantra Ltd holds 75-100% of shares and voting rights, which may facilitate rapid decision-making and potential capital support if needed.
• Small Headcount: With only 2 employees on average, operational costs may be relatively low, potentially enabling lean management of resources.

4. Due Diligence Notes:

• Investigate the nature and origin of the substantial current liabilities to understand whether these are short-term borrowings, trade creditors, or related party debts.
• Assess the financial support from the parent entity (Bigmantra Ltd) and whether any capital injections or guarantees are planned to address solvency concerns.
• Review business model and revenue generation plans given the negative equity and limited operating history to evaluate operational viability.
• Confirm no director disqualifications or adverse conduct records for Girish Lakshmanan to ensure governance integrity.
• Examine any contingent liabilities or off-balance sheet exposures that could exacerbate financial risks.