Company Number: 13319032

Analysis Date: 2025-07-20 16:37 UTC

1. Risk Rating: HIGH
   The company demonstrates persistent negative net assets and net current liabilities over multiple financial years, indicating an ongoing solvency concern. The minimal current assets relative to current liabilities suggest liquidity constraints. The absence of employees and reliance on a single director further impacts operational stability.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficits: The company reported net liabilities of £1,388 as of 30 April 2025, worsening from prior years, reflecting financial deterioration and potential insolvency risk.
• Minimal Share Capital and No Audit: Share capital of £1 and exemption from audit limit transparency and may mask underlying financial issues.
• Operational Viability: No employees and only one director controlling 75-100% of shares raise concerns about governance, succession, and operational capacity.

3. Positive Indicators:

• Compliance with Filing Deadlines: Accounts and confirmation statements are up to date, indicating adherence to statutory obligations.
• Active Company Status: The company remains active and not in liquidation or administration, providing some operational continuity.
• Clear Control Structure: Single director/PSC provides clarity on decision-making and accountability.

4. Due Diligence Notes:

• Investigate reasons for persistent negative equity and working capital deficits—review cash flow statements and creditor arrangements to assess ongoing solvency.
• Clarify revenue streams, profitability, and business model sustainability, given the absence of employees and minimal assets.
• Assess director’s financial support or external funding sources if any, to cover short-term obligations.
• Confirm no off-balance sheet liabilities or contingent risks not disclosed in accounts.
• Evaluate industry risks related to construction and transport equipment repair sectors, especially given the company's small scale.