Company Number: 13127278

Analysis Date: 2025-07-20 14:28 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities of £7,270 as of the latest financial year, a sharp deterioration from net assets of £6,772 the prior year. Negative working capital and net current liabilities of £9,114 further exacerbate liquidity risks.

2. Key Concerns:

• Solvency Deterioration: The company shifted from positive net assets in 2023 to net liabilities in 2024, indicating an erosion of equity and potential inability to meet obligations.
• Liquidity Shortfall: Current liabilities (£9,405) exceed current assets (£291) by a large margin, suggesting cash flow stress and difficulties in settling short-term debts.
• Operational Sustainability: The company remains a micro-entity with minimal fixed assets and a single employee, which may limit operational scale and resilience. The negative asset trend over recent years raises questions about ongoing viability.

3. Positive Indicators:

• Regulatory Compliance: No overdue filings were noted; both accounts and confirmation statements are up to date, reflecting good governance practices.
• Continuity of Management: Single director has been consistent since incorporation, indicating stable leadership.
• Micro-Entity Reporting: The company benefits from simplified financial reporting which aligns with its small scale and potentially limited complexity.

4. Due Diligence Notes:

• Investigate the causes behind the drastic decline in net assets and the increase in current liabilities from 2023 to 2024.
• Assess cash flow statements (if available) to evaluate liquidity pressures and working capital management.
• Review contracts or business model as an "Unlicensed carrier" to understand revenue generation and risk exposure.
• Confirm whether the company has access to external funding or guarantees that could mitigate solvency risks.
• Evaluate director's plans or measures to restore financial stability given the micro size and limited resources.