Company Number: 12482460

Analysis Date: 2025-07-20 17:16 UTC

1. Risk Rating: MEDIUM
   The company shows a decline in net assets and net current assets in the latest financial year, suggesting some deterioration in financial position. However, it remains solvent with positive net assets and no overdue filings, indicating moderate risk rather than high.

2. Key Concerns:

• Significant decline in net assets from £11,040 in 2023 to £4,075 in 2024, a reduction of over 60%, which may indicate operational or profitability challenges.
• Decrease in current assets and net current assets, potentially impacting liquidity and the ability to meet short-term obligations comfortably.
• Increase in prepayments and accrued income combined with declining cash-related current assets may suggest cash flow timing issues or less efficient working capital management.

3. Positive Indicators:

• The company remains active and compliant with all filing deadlines, reducing regulatory risk.
• Positive net assets and net current assets indicate that the company is still solvent and able to cover liabilities.
• Slight increase in employee numbers from 5 to 6 suggests some operational continuity or modest growth in staffing.

4. Due Diligence Notes:

• Investigate reasons for the sharp decline in net assets and net current assets—particularly whether due to losses, increased liabilities, or asset write-downs.
• Review detailed cash flow statements or management accounts to assess liquidity and operational cash flows beyond balance sheet snapshots.
• Evaluate the nature and timing of prepayments and accrued income to understand impacts on working capital and cash conversion cycles.
• Clarify ownership and PSC information, as no persons with significant control are listed, which may be an omission or require verification.