Company Number: 13884675

Analysis Date: 2025-07-29 20:34 UTC

1. Risk Rating: HIGH
   The company is showing significant net liabilities (£2,079) with current liabilities far exceeding current assets, indicating a weak financial position and solvency concerns. The nature as a non-trading company and reliance on group undertakings for creditor and debtor balances further heightens risk.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company has net liabilities of approximately £2,079 and net current liabilities exceeding £2,100, suggesting inability to meet short-term obligations from current assets.
• Dependence on Group Undertakings: Debtors and creditors mainly relate to group undertakings (£25 owed by group companies vs. £2,106 owed to group companies), indicating the company’s financial health is closely tied to related entities rather than independent operations.
• No Trading Activity and Minimal Asset Base: Classified under SIC code 74990 (Non-trading company), with negligible fixed assets (£26) and no reported income or operational cash flow, raising concerns about sustainability as an operational entity.

3. Positive Indicators:

• Active Status and Compliance: The company is active with no overdue accounts or confirmation statement filings, demonstrating regulatory compliance and good governance practices in terms of statutory obligations.
• Parent Company Support and Going Concern Statement: The directors acknowledge going concern status based on continuing parent company support (Riviera Group Holdco Limited), mitigating immediate insolvency risk.
• Experienced Management and Control: The presence of multiple directors with relevant professional backgrounds and a controlling party with majority shareholding and voting rights suggests clear governance and control structures.

4. Due Diligence Notes:

• Confirm the nature and terms of support provided by the parent company to assess the sustainability of the going concern assumption.
• Investigate the intercompany balances and related party agreements to understand the financial flows and obligations between MKC Wealth EBT Limited and its group undertakings.
• Review any contingent liabilities or off-balance sheet commitments that could impact financial stability.
• Assess the strategic rationale for maintaining a non-trading company with net liabilities and minimal assets to understand future operational plans or restructuring intentions.