Company Number: 13923544

Analysis Date: 2025-07-29 16:56 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with net current liabilities worsening from -£101k in 2023 to -£151k in 2024, and minimal net assets of only £9,871. The large amount of long-term creditors (£413,870) relative to net assets further exacerbates solvency risk.

2. Key Concerns:

• Persistent negative net current assets indicating liquidity stress and potential difficulty meeting short-term obligations.
• Extremely low net asset value despite increases in fixed assets, suggesting high leverage and limited equity buffer.
• Absence of employees and lack of profit and loss data restrict assessment of operational viability and cash flow generation.

3. Positive Indicators:

• Timely filing of annual accounts and confirmation statements, indicating compliance with statutory requirements.
• Ownership and control are concentrated in a single director who is also the sole significant controller, which may simplify decision-making.
• Growth in fixed assets year-on-year may indicate investment in underlying real estate assets, pertinent to the letting business.

4. Due Diligence Notes:

• Obtain detailed profit and loss accounts or management accounts to assess operational cash flows and profitability.
• Review terms and maturity profile of creditors, especially the substantial long-term liabilities, to evaluate refinancing or repayment risks.
• Investigate the nature and valuation of fixed assets to confirm they are marketable and can support debt obligations if needed.
• Confirm absence of director disqualifications or regulatory sanctions beyond public record checks.