Company Number: 13971351

Analysis Date: 2025-07-29 16:17 UTC

1. Risk Rating: HIGH
   Justification: The company shows persistent negative net assets and net current liabilities, with no operating activity (dormant status) since incorporation in 2022. The liabilities significantly exceed current assets, indicating solvency and liquidity risks.

2. Key Concerns:

• Negative shareholders’ funds of £5,530 as of the latest accounts, reflecting accumulated losses or initial funding deficits.
• Net current liabilities of £5,290 suggest the company does not have sufficient short-term assets to cover its immediate liabilities.
• Dormant status with zero employees and minimal current assets implies no ongoing operational activity or revenue generation, raising concerns about the business’s sustainability.

3. Positive Indicators:

• Compliance with filing deadlines for accounts and confirmation statements, indicating no regulatory non-compliance or governance issues to date.
• Experienced director with a chartered accountant qualification, which may suggest competent financial oversight.
• Clear ownership structure with two PSCs controlling the company, providing transparency on control.

4. Due Diligence Notes:

• Investigate the nature and maturity of the current liabilities (£5,455) to understand the company’s obligations and potential risks of default.
• Clarify the business plan or strategy for transitioning from dormant status to active trading, including funding sources and projected cash flows.
• Review any off-balance-sheet commitments or contingent liabilities not disclosed in the accounts.
• Confirm absence of related-party transactions or loans that may impact financial stability.
• Evaluate the director’s intentions regarding capital injections or restructuring to improve the financial position.