NEXT CENTURY RETAIL LTD

Executive Summary

NEXT CENTURY RETAIL LTD is a recently incorporated micro-entity showing negative net assets and no operational activity, posing high solvency and liquidity risks. While compliance with filing requirements is maintained, the lack of assets and employees raises significant concerns about the company's viability. Further due diligence on business activities and financial support is essential before considering investment.

NEXT CENTURY RETAIL LTD - Analysis Report

Company Number: 14518291

Analysis Date: 2025-07-29 16:37 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position (£-92) as of the latest accounts, indicating insolvency on a balance sheet basis. With no fixed or current assets reported and current liabilities of £93, the company appears unable to meet even minimal obligations. The absence of employees and minimal trading history further detracts from operational viability.

2. Key Concerns:

• Negative net assets and working capital deficit point to solvency risks.
• Lack of tangible assets or cash balances raises serious liquidity concerns.
• No reported operating activity or employees suggests limited operational stability and sustainability.

3. Positive Indicators:

• The company is compliant with filing deadlines, with no overdue accounts or confirmation statements.
• Ownership and control appear clearly documented with a single significant shareholder and director.
• The director has acknowledged compliance responsibilities and signed the accounts.

4. Due Diligence Notes:

• Investigate the nature and status of any business operations given zero reported assets and employees.
• Review any off-balance sheet arrangements or related party transactions that could impact financial health.
• Clarify the intended business model and capital structure given the minimal share capital and negative equity.
• Assess the background and funding capacity of the parent entity (Next Century Holdings LLC) to support the company.
• Confirm that no undisclosed liabilities or contingent exposures exist.