Company Number: 13889952

Analysis Date: 2025-07-20 18:46 UTC

1. Risk Rating: HIGH
   Justification: The company shows persistent negative net current assets and shareholders’ funds over three consecutive years, indicating an ongoing deficiency in working capital and net worth. Current liabilities exceed current assets by a significant margin (£688 in 2024), implying potential difficulties meeting short-term obligations.

2. Key Concerns:

• Negative Net Assets and Working Capital: Consistent negative net assets (£-688) and net current assets (£-688) suggest solvency pressure and possible reliance on external funding or director loans to meet liabilities.
• Lack of Revenue or Asset Base: Fixed assets are zero and current assets are negligible (£94 in 2024), raising concerns about operational sustainability and ability to generate cash flow.
• Single Director / Significant Control Concentration: Mrs. Natalja Karbonskiene holds 50-75% shares and voting rights, with sole directorship, which could pose governance and operational risks if not supported by robust controls.

3. Positive Indicators:

• Compliance with Filing Requirements: Both accounts and confirmation statement filings are current and not overdue, indicating regulatory compliance to date.
• Micro-Entity Filing Status: The company benefits from simplified accounting and reporting requirements, reducing administrative burden.
• No Indication of Legal or Insolvency Proceedings: The company remains active and is not under liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate the nature of current liabilities and whether they are trade creditors, director loans, or other obligations.
• Clarify the company’s revenue streams and business model viability given the absence of assets and negative equity.
• Review cash flow statements (if available) or bank statements to assess liquidity trends and ability to meet short-term payments.
• Assess any contingent liabilities or off balance sheet commitments not disclosed in the accounts.
• Examine the director’s background and any related party transactions that might impact financial stability.