NORTHEAST TWIST AND GO (NETAG) LIMITED

Executive Summary

NORTHEAST TWIST AND GO (NETAG) LIMITED shows critical solvency and liquidity concerns, with negative net assets and current liabilities vastly exceeding assets. Although regulatory compliance is maintained, the absence of operational data and minimal asset base indicate high investment risk. Comprehensive due diligence is recommended to understand the company’s financial health and operational viability before proceeding.

NORTHEAST TWIST AND GO (NETAG) LIMITED - Analysis Report

Company Number: 13016094

Analysis Date: 2025-07-20 14:38 UTC

1. Risk Rating: HIGH
   The company’s financial data evidences a negative net asset position (-£659) with current liabilities significantly exceeding current assets (£6 versus £665). This indicates an immediate solvency and liquidity concern, raising questions about the company’s ability to meet short-term obligations.

2. Key Concerns:

• Negative Net Assets: Shareholders’ funds are negative, suggesting the company is technically insolvent on a balance sheet basis.
• Minimal Asset Base: Current assets total only £6, an extremely low figure insufficient to cover liabilities.
• Lack of Revenue or Profit Data: No income statement or turnover figures are disclosed, limiting visibility on operational viability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with accounts and confirmation statement filings, indicating no regulatory compliance issues.
• Sole Director Stability: The same director has been in place since incorporation, suggesting continuity of management.
• Micro-Entity Status: The company’s size implies limited operational complexity and regulatory burden.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities to understand if they are trade payables, loans, or accruals.
• Request detailed income statements or cash flow data to assess operational performance and sources of funds.
• Clarify the company’s business activities and revenue generation capacity given the SIC code (retail of sports goods).
• Assess whether the director has provided or plans to provide additional capital or guarantees to address solvency issues.
• Confirm no undisclosed related party transactions or off-balance sheet liabilities exist.
• Review any correspondence with HMRC or creditors that might indicate enforcement action or risk of insolvency proceedings.

Executive Summary:
NORTHEAST TWIST AND GO (NETAG) LIMITED exhibits significant financial distress with negative net assets and liabilities far exceeding its minimal current assets. While the company is compliant with filing requirements and has stable management, the lack of operational data and poor liquidity position present a high risk to investors. Further investigation into the company’s financial and operational activities is essential to clarify its sustainability and solvency prospects.