Company Number: 13108896

Analysis Date: 2025-07-20 18:07 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks with net current liabilities exceeding £160,000 and negative net assets. The persistent negative equity and large current liabilities relative to minimal current assets indicate difficulty meeting short-term obligations.

2. Key Concerns:

• Liquidity Strain: Current assets (~£874) are negligible compared to current liabilities (~£163,723), resulting in a severely negative working capital position. This suggests cash flow constraints.
• Negative Net Assets: The company shows net liabilities of approximately £3,680, indicating insolvency on a balance sheet basis.
• No Employees/Operating Activity: The absence of employees and minimal current assets raise questions about operational sustainability and revenue generation.

3. Positive Indicators:

• Fixed Asset Base: The company holds substantial fixed assets valued at £300,000, which may provide collateral or an asset base for restructuring or financing.
• Compliance: The company is active, up to date with accounts and confirmation statement filings, and is not in liquidation or administration.

4. Due Diligence Notes:

• Verify the nature, valuation, and liquidity of the fixed assets to assess realizable value and potential to cover liabilities.
• Investigate the reasons for the large current liabilities and the company’s strategy or plan to address this imbalance.
• Determine revenue streams or contracts in place to evaluate future operational viability given zero employees reported.
• Confirm director and PSC (persons with significant control) background and any related party transactions given the financial stress.
• Assess any contingent liabilities or off-balance sheet exposures not reflected in current accounts.