Company Number: 13109580

Analysis Date: 2025-07-20 11:22 UTC

1. Risk Rating: HIGH
   The company demonstrates a negative net current asset position for the latest year, indicating potential liquidity issues. The absence of detailed profit and loss information limits visibility on operational performance. As a micro-entity with minimal capital and a short trading history, solvency concerns are elevated.

2. Key Concerns:

• Negative net current assets of £923 as at 31 January 2024 suggest insufficient short-term resources to cover liabilities.
• Share capital is minimal at £100, providing limited equity buffer against losses or cash flow fluctuations.
• Lack of profit and loss account filing restricts assessment of revenue generation and operational cash flow sustainability.

3. Positive Indicators:

• Company status is active and filings (accounts and confirmation statement) are up to date, indicating regulatory compliance.
• The business operates in specialised retail sectors (footwear and clothing), which can provide niche market opportunities.
• Director presence is stable with one current director, suggesting some continuity in management.

4. Due Diligence Notes:

• Obtain full profit and loss accounts or management accounts to evaluate revenue, gross margin, and expense trends.
• Investigate the causes of the negative working capital and any plans to improve liquidity, such as creditor negotiations or capital injections.
• Review any related party transactions or director loans that may impact financial stability.
• Assess market position and business model viability given limited financial resources and short operating history.