Company Number: 12992896

Analysis Date: 2025-07-20 14:29 UTC

1. Risk Rating: HIGH

The company exhibits significant financial distress indicators, notably a large current liabilities balance exceeding current assets by £58,545 as of 30 November 2023 and creditors falling due after more than one year amounting to £66,885. These suggest potential solvency issues.

2. Key Concerns:

• Negative net current assets (£-58,545) indicate liquidity constraints and possible difficulty meeting short-term obligations.
• Substantial long-term creditors (£66,885) relative to total assets, raising concerns about the company’s ability to service debt.
• Minimal shareholder equity (£100) and stagnant net assets over the years imply limited financial buffer to absorb losses or operational shocks.

3. Positive Indicators:

• The company is up to date with filing requirements, with no overdue accounts or confirmation statements, suggesting regulatory compliance.
• Fixed assets of £126,246 as of 2023 may provide some collateral value.
• The company has been operating since 2020 without formal insolvency proceedings.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors to assess debt servicing capacity and refinancing risk.
• Review cash flow statements and management accounts for current year to evaluate liquidity position beyond balance sheet.
• Clarify the business model and revenue generation given no employees and minimal current assets.
• Confirm absence of director disqualifications or related party transactions.