Company Number: 14485110

Analysis Date: 2025-07-20 15:59 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities of £14,516 as of the latest accounts date. Current liabilities exceed current assets by over £232k, indicating severe liquidity issues. The absence of any employees and minimal current assets further exacerbate operational risk.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company’s net liabilities suggest an inability to meet obligations without additional financing or asset disposals.
• Liquidity Shortfall: Current liabilities vastly outweigh current assets, implying potential cash flow constraints in the short term.
• Lack of Operational Scale: With zero employees and negligible current assets, the business appears dormant or inactive operationally, raising concerns about sustainability.

3. Positive Indicators:

• No Overdue Filings: The company has complied with its statutory filing deadlines for accounts and confirmation statements, indicating good governance in compliance matters.
• Single Controlling Shareholder: Giuseppe Innamorato holds full control and is actively listed as director, which may facilitate decision-making and potential recapitalization.
• Fixed Assets Present: The company holds fixed assets valued at approximately £218k, which could potentially be leveraged or sold to improve liquidity.

4. Due Diligence Notes:

• Investigate the nature and realizability of the fixed assets reported, to assess their potential contribution to solvency.
• Clarify the reason for the substantial current liabilities and whether these are trade payables, loans, or other obligations.
• Understand the company’s business activity since incorporation in late 2022 and whether it has generated any revenue or operational cash flow.
• Review any related party transactions or funding arrangements given the sole director/shareholder structure.
• Confirm whether the company has plans for restructuring or capital injection to address the negative net asset position.