Company Number: 13645012

Analysis Date: 2025-07-20 14:30 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk with net liabilities of £12,353 as at 30 September 2024, a marked deterioration from prior years when it held positive net assets. Current liabilities exceeded current assets by £12,153, indicating poor liquidity and inability to cover short-term obligations. The micro-entity status and exemption from audit limit the financial transparency.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company moved from positive net assets (£879 in 2023) to a negative net asset position (£-12,353 in 2024), signaling financial distress and potential insolvency.
• Substantial Increase in Current Liabilities: Current liabilities increased sharply from £787 in 2023 to £12,257 in 2024, with only £104 in current assets, indicating severe liquidity constraints.
• Limited Operating History and Scale: Incorporated in late 2021, with only one employee reported in 2024, the company’s operational scale is minimal, which may affect its ability to generate sustainable cash flows or withstand financial shocks.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its statutory filings, including accounts and confirmation statements, with no overdue filings reported.
• Sole Director with Full Control: Mr. Viorel Costel Coman holds 75-100% of shares and voting rights, which may facilitate swift decision-making and potentially more streamlined governance.
• Exemption from Audit: While indicative of micro-entity status, this reduces compliance burden and costs, possibly preserving cash resources.

4. Due Diligence Notes:

• Investigate Causes of Liability Surge: Detailed inquiry into the nature of increased current liabilities is essential to understand if these are trade payables, loans, or other obligations.
• Assess Cash Flow and Profitability: Obtain management accounts or cash flow statements to evaluate operational cash generation and future viability.
• Director’s Plans and Financial Support: Clarify whether the director plans to inject capital or restructure liabilities to restore solvency.
• Confirm No Undisclosed Contingent Liabilities: Check for any pending legal claims or contingent liabilities that could further impair financial position.
• Review Industry Risks: Given the SIC codes related to management consultancy and real estate activities, evaluate market conditions affecting these sectors.