Company Number: 15168688

Analysis Date: 2025-07-20 19:05 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk with net liabilities of £299 and negative shareholder funds shortly after incorporation. Its micro-entity status with minimal assets and no employees further increases operational and financial uncertainty.

2. Key Concerns:

• Negative Net Assets: The company’s net current liabilities and net assets stand at -£299, indicating it is technically insolvent at the balance sheet date.
• No Operational History or Revenue: Incorporated in late 2023 and reporting only minimal current assets (£30) with no employees, the company shows no signs of active trading or revenue generation.
• Single Director and Shareholder Control: Complete control by one individual (75-100% ownership and voting rights) may concentrate risk and reduce governance oversight.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with both accounts and confirmation statement filings, indicating good regulatory compliance so far.
• Micro-Entity Filing Exemptions: As a micro-entity, the company benefits from simplified reporting requirements, reducing administrative burden.
• No Indication of Insolvency Proceedings: No liquidation or administration status, suggesting the company is not currently under formal distress processes.

4. Due Diligence Notes:

• Investigate the source of the negative equity and if this reflects initial startup costs or unpaid liabilities.
• Review any business plans or contracts to assess likelihood of future revenue and cash inflows.
• Confirm if the £30 current assets represent cash or other liquid assets and whether there are any contingent liabilities or related party loans.
• Understand the director’s background and financial capacity to support the company during its startup phase.
• Monitor future filings for improvement or deterioration in financial position once trading activities commence.