MY WORKING WAY LTD

Executive Summary

MY WORKING WAY LTD exhibits significant financial distress evidenced by negative net assets and a lack of current assets, raising high solvency and liquidity risks. While regulatory filings are current and governance appears stable, operational viability is questionable due to no employees and negligible assets. Further inquiry into liabilities and potential recovery plans is warranted before considering investment.

MY WORKING WAY LTD - Analysis Report

Company Number: 13454580

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

1. Risk Rating: HIGH
   The company shows a negative net asset position as of the latest accounts, indicating insolvency risk. Current liabilities exceed current assets, and total net liabilities have increased compared to prior years. There is no fixed assets or working capital buffer, and no employees, indicating limited operational capacity.

2. Key Concerns:

• Solvency and Net Liabilities: The company’s 2024 accounts report net liabilities of £10,054, worsening from £9,781 in 2023, signaling ongoing financial distress and inability to cover obligations with assets.
• Lack of Operational Activity: Zero employees and zero current assets in the latest year suggest minimal or halted business operations, raising sustainability concerns.
• Negative Working Capital and Creditors: The absence of current assets against substantial liabilities implies potential liquidity issues and difficulty meeting short-term debts.

3. Positive Indicators:

• No Overdue Filings: The company is up-to-date with both accounts and confirmation statement filings, indicating regulatory compliance.
• Experienced Director in Place: The sole director is a Chartered Accountant, potentially implying sound governance and financial oversight.
• Clear Ownership and Control: 75-100% control by a single individual provides straightforward decision-making and accountability.

4. Due Diligence Notes:

• Investigate the nature and source of the recorded liabilities exceeding assets, including any director loans or related party debts.
• Confirm the company's revenue generation and cash flow status given the zero current asset position in 2024 accounts.
• Review any contingent liabilities or off-balance-sheet obligations not reflected in micro-entity accounts.
• Assess director plans for financial recovery or restructuring given ongoing negative equity.
• Verify absence of trading activity and examine if the company is effectively dormant despite active status.