Company Number: 13053993

Analysis Date: 2025-07-20 13:48 UTC

1. Risk Rating: HIGH
   Justification: The company was trading with significant net current liabilities and negative net assets for the first three years (2020-2022), indicating solvency and liquidity issues. Although the 2023 accounts show a dormant status with positive net assets, this appears to be due to cessation of trading rather than operational recovery. The company’s very low fixed assets and minimal share capital further limit financial resilience.

2. Key Concerns:

• Historical negative net assets and persistent working capital deficits through 2022 indicate prior financial distress and potential solvency risk.
• The company ceased trading in 2023 and filed dormant accounts, suggesting operational instability or business halt.
• Ownership and control concentrated in a single individual (Khurram Shahzad), recently appointed director and secretary with a non-business occupation, raising governance and management experience questions.

3. Positive Indicators:

• Timely filing of accounts and confirmation statements, with no overdue filings or penalties.
• Registered website domain is active, indicating some level of ongoing presence or readiness to operate.
• No indications of formal insolvency procedures (administration, liquidation) or director disqualifications.

4. Due Diligence Notes:

• Investigate reasons for cessation of trading in 2023 and assess plans for potential restart or restructuring.
• Review bank statements and cash flow forecasts to confirm liquidity position post-2023 year-end.
• Examine background and capability of current director/secretary Mr. Shahzad for operational and strategic oversight.
• Verify any contingent liabilities or off-balance sheet exposures not disclosed in the accounts.
• Clarify relationship and transition between former director Mr. Mahmood and current director Mr. Shahzad, including shareholding changes.