Company Number: 14120769

Analysis Date: 2025-07-29 14:15 UTC

1. Risk Rating: HIGH
   The company exhibits a significant deterioration in financial position within one year, shifting from positive net assets of £4,021 in 2023 to negative net assets of £742 in 2024. Current liabilities now exceed current assets, indicating potential solvency and liquidity risks.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company’s net current assets dropped from +£4,021 to -£742, suggesting inability to cover short-term liabilities with current assets.
• Absence of Trade Debtors in Latest Year: Debtors have disappeared from the balance sheet in 2024, indicating potential loss of receivables or cessation of sales activity, which may impact cash flow generation.
• No Employees and No Fixed Assets: The company reports zero employees and no fixed assets, raising questions about operational capacity and sustainability of ongoing business activities.

3. Positive Indicators:

• Up to Date Filing and Compliance: Accounts and confirmation statement are filed on time, indicating regulatory compliance and good governance in terms of statutory obligations.
• Active Company Status with a Single Controlling Director: The sole director/PSC holds full control, which may facilitate rapid decision-making and strategic alignment.
• Niche Market Focus: The company operates in development of building projects with a focus on energy efficiency, which may have growth potential within current market trends.

4. Due Diligence Notes:

• Investigate reasons for the sharp decline in cash and disappearance of trade debtors between 2023 and 2024.
• Review underlying causes of negative net assets and whether the company has access to additional funding or support from its controlling shareholder.
• Confirm operational status including whether any contracts or projects are underway, given no employees and no fixed assets reported.
• Assess director’s plans to restore financial health or exit strategy.
• Verify absence of any overdue tax or creditor payments beyond what is disclosed, especially given the tax and social security creditor of £764 in 2024.