Company Number: 13888449

Analysis Date: 2025-07-20 18:55 UTC

1. Risk Rating: HIGH
   Justification: The company consistently reports net liabilities and negative shareholder funds, indicating solvency issues. Net current liabilities and negative working capital further signal liquidity risks. The absence of auditing and minimal asset base relative to liabilities raise concerns about financial stability.

2. Key Concerns:

• Negative Net Assets: The company shows net liabilities of approximately £3,367 as of the latest accounts, persisting over the reported years, suggesting ongoing solvency problems.
• High Current Liabilities vs. Minimal Current Assets: Current liabilities (~£161,734) far exceed current assets (_{£2,938), resulting in a significant working capital deficit (}-£64,935), highlighting liquidity constraints.
• Reliance on a Single Director and Shareholder: Mrs. Nina Michelle Taylor has full control of shares and voting rights, with the company having only one employee (the director), which may pose operational and governance risks.

3. Positive Indicators:

• Compliance with Filing Requirements: The company’s accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance so far.
• Established Fixed Asset Base: Fixed assets remain stable at £223,302, which could represent potential value or collateral.
• Clear Industry Focus: The company operates within real estate management and letting, a sector that, if managed well, can generate stable fees.

4. Due Diligence Notes:

• Investigate the nature and valuation of fixed assets (£223,302) to assess their liquidity and realistic recoverable value.
• Review detailed cash flow and payment terms to understand the causes of persistent negative working capital and how short-term obligations are being met.
• Confirm the operational model and income generation given the minimal current assets and ongoing liabilities; assess reliance on director funding or related party transactions.
• Assess any contingent liabilities or off-balance sheet exposures not reflected in the micro-entity accounts.
• Examine the director’s credentials and any related party transactions due to sole control and ownership.