Company Number: 14471204

Analysis Date: 2025-07-20 11:35 UTC

1. Risk Rating: MEDIUM
   The company shows a decline in net assets and net current assets turning negative in the latest year, indicating potential liquidity challenges. However, it remains active with no overdue filings or insolvency proceedings, suggesting some operational continuity.

2. Key Concerns:

• Negative net current assets (£-2,288) at 30 November 2024, compared to positive £5,771 the previous year, pointing to short-term liquidity risk.
• Reduction in net assets from £10,158 to £5,587 within one year, which may reflect losses or increased liabilities.
• No employees reported, which may raise questions on operational capacity or reliance on external contractors; sustainability of business model unclear.

3. Positive Indicators:

• Company is current with all statutory filings and not in liquidation or subject to insolvency proceedings.
• Directors and persons with significant control are identified and resident in the UK, implying governance transparency.
• Business operates in a specialized engineering niche (automation and controls engineering) with an active website and contact details, suggesting ongoing commercial activity.

4. Due Diligence Notes:

• Investigate reasons for the sharp decline in current assets and net assets, including any recent losses or write-offs.
• Clarify business model given zero employees and assess reliance on contractors or directors for operational activities.
• Review cash flow statements or bank data if available to better assess liquidity position and ability to meet short-term obligations.
• Confirm absence of any contingent liabilities or off-balance sheet obligations not reflected in micro-entity accounts.
• Explore directors’ intentions and plans to restore working capital and improve financial stability.