Company Number: 13205064

Analysis Date: 2025-07-29 15:50 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns, with persistent and growing negative net assets and net current liabilities over multiple years, indicating an inability to meet short-term obligations without external financing.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The net assets have deteriorated from -£12,724 in 2021 to -£24,244 in 2024, with net current liabilities increasing to -£27,297 in 2024, signaling ongoing financial distress.
• Liquidity Constraints: Despite some cash holdings (£1,168 in 2024), the cash balance is insufficient relative to current liabilities (£28,921), raising concerns about the company's ability to cover immediate debts.
• Lack of Profit and Loss Disclosure: The absence of a profit and loss account (not filed, as per small company exemption) limits insight into operational performance and cash flow generation, increasing uncertainty regarding sustainability.

3. Positive Indicators:

• Active Status with No Overdue Filings: The company is compliant with filing deadlines for accounts and confirmation statements, suggesting adherence to regulatory requirements.
• Single Director with Full Control: Concentrated control by Mr. Marc David Charles Allen may facilitate swift decision-making.
• Tangible Fixed Assets: The company holds tangible fixed assets valued at £3,769, which may provide some collateral or operational utility.

4. Due Diligence Notes:

• Investigate the company’s operational model and revenue streams given the lack of turnover data and absence of profit and loss statements.
• Assess the director's plans or actions to address negative equity and liquidity risks, including any external funding or restructuring efforts.
• Review any contingent liabilities or off-balance-sheet commitments not disclosed in the abridged accounts.
• Verify cash flow projections and short-term creditor arrangements to understand liquidity management.
• Confirm the absence of director disqualifications or other governance issues given sole director control.