Company Number: 13005519

Analysis Date: 2025-07-20 13:19 UTC

1. Risk Rating: HIGH
   The company's financial structure indicates significant solvency and liquidity risks. The total liabilities due after more than one year (£689,883) nearly match the fixed assets (£714,183), while net current assets have turned negative (£-12,287 in 2023). The minimal current assets (£1,478) against high current liabilities (£689,883) suggest potential cash flow constraints. Although the company is active, the micro-entity status with no employees and limited equity signals operational fragility.

2. Key Concerns:

• High Leverage and Debt Maturity Profile: Long-term creditors nearly equal fixed assets, indicating heavy reliance on debt financing and limited equity buffer (£12,013).
• Negative Net Current Assets: The working capital position is negative, suggesting difficulties in meeting short-term obligations without additional financing.
• Lack of Operational Activity: Zero employees reported, minimal current assets, and no revenue or turnover data provided raise concerns on the company’s ability to generate operational cash flow to service debt.

3. Positive Indicators:

• Consistent Fixed Asset Base: Fixed assets remain stable at £714,183 over multiple years, implying asset retention which could potentially be leveraged or sold if needed.
• No Overdue Filings: The company’s accounts and confirmation statements are up to date, indicating compliance with regulatory filing requirements.
• Single Controlling Shareholder: Mr Neil Christopher Anderson’s full ownership and director status could facilitate swift decision-making.

4. Due Diligence Notes:

• Clarify Nature of Long-Term Creditors: Investigate the composition, terms, and covenants of the £689,883 long-term liabilities to assess refinancing risk and creditor demands.
• Review Cash Flow Statements: Obtain cash flow data to understand liquidity dynamics and the company’s ability to meet short-term and long-term obligations.
• Assess Business Model and Revenue Streams: Confirm how the company generates income, especially given zero employees and micro-entity status, to evaluate operational sustainability.
• Examine Fixed Asset Valuation: Verify if fixed assets are tangible and realizable at stated values to support solvency assessments.
• Director’s Strategy and Plans: Engage with management to understand plans to improve liquidity and reduce debt burden.