Company Number: 15020054

Analysis Date: 2025-07-29 20:34 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position and significant long-term liabilities exceeding current assets, indicating solvency concerns. Given its recent incorporation and micro-entity status with no employees, operational stability is uncertain.

2. Key Concerns:

• Negative Net Assets: The balance sheet reports net liabilities of £3,808, reflecting financial strain.
• High Long-Term Creditors: Creditors due after one year total £110,137, surpassing total assets less current liabilities, raising doubts about long-term solvency.
• No Employees and Early Stage: Incorporated in July 2023 with zero employees, the company may have limited operational history and cash flow generation capacity, increasing risk.

3. Positive Indicators:

• Timely Filing Compliance: Accounts and confirmation statements are up to date with no overdue filings, suggesting good regulatory compliance.
• Shareholder Control Clearly Defined: Two directors hold equal significant control, which may facilitate decisive governance.
• Fixed Assets Ownership: The company holds fixed assets valued at £78,000, indicating some capital investment.

4. Due Diligence Notes:

• Investigate the nature and terms of the £110,137 creditors due after one year to understand repayment obligations and potential refinancing risks.
• Clarify the cause of negative net assets and whether additional capital injections or equity funding are planned.
• Assess business model viability given zero employees and whether the company has commenced trading or has contracts/leases generating revenue.
• Review any director personal guarantees or related party transactions that may impact financial risk.