Company Number: SC678857

Analysis Date: 2025-07-29 20:23 UTC

1. Risk Rating: HIGH
   The company has persistent net liabilities and negative shareholders' funds over multiple years, indicating solvency issues. Net current liabilities have increased to £2,811 as of April 2024, with virtually no cash reserves (£5). These factors point to an inability to comfortably meet short-term obligations.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: Consistently negative equity (e.g., -£2,811 in 2024) suggests accumulated losses and financial weakness.
• Liquidity Risk: Minimal cash on hand (£5) versus current liabilities exceeding £61,000 signals potential cash flow problems. Heavy reliance on debtors balances (nearly £58k) may cause timing mismatches in liquidity.
• Lack of Operational Scale: Zero employees reported and small asset base raise questions about business sustainability and operational capacity.

3. Positive Indicators:

• Timely Filing Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
• Stable Ownership and Management: Active director with no resignation since May 2023 and clear PSC control by I & Z Holding Ltd with majority ownership.
• Established Industry Focus: SIC codes confirm the company operates in real estate management and property dealings, a sector with potential for stable fee-based income if managed well.

4. Due Diligence Notes:

• Examine Debtors’ Quality: Investigate the nature and collectability of the debtor balances to assess liquidity risk more precisely.
• Review Business Model and Revenue Streams: Assess how the company generates income given no employees and modest assets, to evaluate operational viability.
• Assess Contingent Liabilities: Confirm if there are any off-balance-sheet liabilities or intra-group loans impacting financial stability.
• Evaluate Director and Ownership Background: Although no disqualifications appear, further checks on director conduct and owner’s financial standing may be prudent.