Company Number: 14459591

Analysis Date: 2025-07-29 12:42 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets for two consecutive years, indicating insolvency. Current liabilities significantly exceed current assets, signaling severe liquidity issues.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows net liabilities of £195 at the 2024 year-end, worsening from £95 the prior year. This implies the company’s liabilities exceed its assets, raising solvency risks.
• Liquidity Deficit: Current assets are nominal (£1) versus current liabilities totaling £196, pointing to an inability to meet short-term obligations.
• No Operational Activity: The company reports zero employees and no fixed assets, suggesting minimal or no trading operations, which questions business sustainability.

3. Positive Indicators:

• Compliance: The company has filed accounts and confirmation statements on time, indicating regulatory adherence.
• Active Status: The company remains active and not in liquidation or administration.
• Clear Governance: Five directors with diverse occupations are appointed, showing some level of governance structure.

4. Due Diligence Notes:

• Investigate the nature of liabilities causing the negative net asset position and whether these are payable to related parties or trade creditors.
• Understand the business model and reason for minimal assets and staff, including if the company is in a start-up or pre-trading phase.
• Review cash flow statements or bank records (if available) to assess actual liquidity and funding sources.
• Confirm no contingent liabilities or off-balance sheet obligations that may exacerbate financial distress.
• Examine directors’ plans or strategies to restore solvency and operational capacity.