Company Number: 13126242

Analysis Date: 2025-07-20 12:03 UTC

1. Risk Rating: HIGH
   Justification: The company is classified as dormant yet reports a significant creditor balance (£8,546) in 2024, with nominal current assets (£1). The negative current liabilities figure, combined with very low asset base and no employees, suggests potential solvency and liquidity risks.

2. Key Concerns:

• Dormant status with creditors: The company is dormant but shows £8,546 creditors due within one year, indicating outstanding liabilities despite no trading activity.
• Negative or negligible asset base historically: Prior years show net assets at or below zero, raising concerns about financial stability and capital adequacy.
• No operational activity: Zero employees and micro-entity filing suggest no active business operations, which could impair the company’s ability to generate revenue to meet liabilities.

3. Positive Indicators:

• Compliance: Accounts and confirmation statements are filed on time, indicating adherence to statutory requirements.
• Shareholders funds positive in 2024: Net assets/shareholders funds improved to £8,547 in 2024, showing some capital injection or reduction of liabilities compared to previous years.
• Director transparency: Director details are properly filed and up to date.

4. Due Diligence Notes:

• Clarify the nature of the creditors balance and reason for dormant status despite liabilities.
• Investigate source of increase in net assets to £8,547 in 2024 from negative figures previously.
• Confirm absence of operational activity and future business plans or intentions to trade.
• Review director’s statements or any related party transactions that might explain financial movements.
• Consider risks associated with the limited capital base (£1 share capital) and whether any guarantees or contingent liabilities exist.