Company Number: 15024554

Analysis Date: 2025-07-29 13:04 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk as it has net liabilities of £37,084 and negative net current assets of £42,733. The level of current liabilities greatly exceeds current assets, indicating an inability to meet short-term obligations without additional funding.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company’s net liabilities and negative working capital position suggest financial distress and insufficient capital to fund ongoing operations.
• Significant Director Loan: The company owes £44,946 to the director, indicating reliance on director financing which may not be sustainable or formalized.
• Lack of Revenue and Employees: There are no employees and turnover is not disclosed, implying limited or no trading activity, which questions operational viability.

3. Positive Indicators:

• Timely Filing Compliance: Accounts and confirmation statements are filed on time, indicating regulatory compliance and good governance in statutory matters.
• Director and PSC Alignment: Single director and sole shareholder control may facilitate swift decision-making and oversight.
• Fixed Assets Presence: Tangible assets of £5,649 may provide some value backing, although minimal relative to liabilities.

4. Due Diligence Notes:

• Investigate the nature and terms of the director’s loan to assess potential for conversion to equity or repayment.
• Confirm actual business activities and revenue generation since incorporation to evaluate operational sustainability.
• Review cash flow forecasts and plans for addressing the negative working capital and solvency deficit.
• Assess any contingent liabilities or off-balance sheet obligations not disclosed in the accounts.
• Understand if there are any related party transactions beyond the director loan that may affect financial stability.