Company Number: 15111782

Analysis Date: 2025-07-20 15:47 UTC

1. Risk Rating: HIGH
   Justification: The company shows net liabilities of £1,418 as at the latest financial year-end, indicating negative net assets and shareholders’ funds. Current liabilities exceed current assets, resulting in negative working capital. The company was incorporated recently (September 2023) and has minimal operational history, with no employees and very limited cash reserves (£2,547). These factors point to a high risk of solvency and liquidity challenges in the near term.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company’s net current liabilities of £1,418 and negative shareholders’ funds signal potential insolvency risk if not addressed promptly.
• Limited Operating History and Scale: Incorporated less than a year ago, with no reported turnover or employees, so operational sustainability is unproven and uncertain.
• Concentration of Control: Single director and 75-100% shareholder control by one individual may lead to governance risks or reduced oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time with no overdue submissions, demonstrating regulatory compliance.
• Clear Accounting Policies: The accounts follow applicable UK small company accounting standards and disclose relevant accounting policies transparently.
• No Auditor’s Exemption Used as Allowed: The company has properly claimed exemption from audit in line with its micro-entity status.

4. Due Diligence Notes:

• Investigate the company’s business plan and cash flow forecasts to assess how it intends to move from negative net assets to profitability and positive working capital.
• Confirm the extent of any undisclosed liabilities or contingent obligations, especially given the tax and social security creditors.
• Assess the background and financial capacity of the sole shareholder/director for potential financial support or funding commitments.
• Review contracts or agreements related to the freight and carrier activities indicated by SIC codes 53201, 53202, and 49410 to verify operational status and revenue potential.