Company Number: 13821484

Analysis Date: 2025-07-20 18:08 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial distress with persistent net liabilities, negative working capital, and no employees, indicating a very high risk of insolvency and inability to meet obligations.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company’s net liabilities increased from £7,411 (2022) to £12,807 (2023), with net current liabilities worsening to £16,192 in 2023, signaling an inability to cover short-term debts.
• No Employees and Limited Operations: The average number of employees is zero, which raises concerns about operational capacity and sustainability of business activities.
• Limited Financial Transparency: As a micro-entity, the company has filed unaudited accounts with no profit and loss statement submitted, limiting insight into revenue, expenses, and cash flows.

3. Positive Indicators:

• Current Filing Compliance: The company’s filings (accounts and confirmation statements) are up to date, indicating compliance with regulatory requirements.
• Ownership and Control Stability: The sole controlling shareholder and director, Mrs. Vicki Leigh McKop, maintains consistent control, which could facilitate swift decision-making.
• No Indication of Insolvency Proceedings: The company is not under liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate the company’s business model and revenue generation, given zero employees and minimal current assets.
• Review cash flow and creditor arrangements to assess short-term liquidity and potential risks of default.
• Examine the reason for the name change in 2024 and any operational or strategic shifts associated with it.
• Confirm whether there are any off-balance-sheet liabilities or commitments not reflected in the micro-entity accounts.
• Assess related party transactions or director loans that may impact financial stability.