Company Number: SC721339

Analysis Date: 2025-07-20 13:42 UTC

1. Risk Rating: HIGH
   The company shows net liabilities with negative net assets (£-10,270 as of 31 January 2024), indicating solvency concerns. Current liabilities exceed current assets by a significant margin, suggesting liquidity risk.

2. Key Concerns:

• Negative Net Assets: The balance sheet reflects net liabilities which may hinder the company's ability to meet long-term obligations.
• Working Capital Deficit: Current liabilities (£201,002) substantially exceed current assets (£14,081), implying cash flow difficulties and potential inability to cover short-term debts.
• Limited Operating Scale and History: Incorporated in 2022 with only one employee, the company is early-stage with limited financial track record, increasing operational risk.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are filed on time, indicating compliance with regulatory requirements.
• Single Shareholder with Full Control: Carnegie Capital Limited holds 75-100% ownership and voting rights, potentially enabling swift decision-making and capital support if needed.
• Fixed Assets Growth: Increase in fixed assets from £132,032 to £176,651 suggests investment into tangible assets, consistent with development activities.

4. Due Diligence Notes:

• Clarify nature and valuation of fixed assets to assess recoverability and liquidity.
• Investigate reasons for the working capital deficit and plans to improve cash flow.
• Review contracts or agreements related to development projects to evaluate revenue prospects.
• Confirm whether shareholder loans or other financing arrangements support current liabilities.
• Assess director and shareholder willingness and capacity to inject further capital if required.