Company Number: 13792345

Analysis Date: 2025-07-20 17:19 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets and net liabilities that have worsened year over year, indicating solvency concerns. The substantial current liabilities relative to minimal current assets highlight liquidity stress. Furthermore, the overdue confirmation statement filing suggests potential governance or compliance issues.

2. Key Concerns:

• Negative shareholders' funds worsening from -£16,196 in 2022 to -£21,675 in 2023, signaling ongoing capital erosion and solvency risk.
• Excess of creditors (both short and long term) over assets, particularly current liabilities of £292,089 dwarfing current assets of £964, implying potential cash flow and liquidity difficulties.
• Overdue confirmation statement as of September 2024, indicating possible regulatory non-compliance or delayed reporting that could affect creditor and investor confidence.

3. Positive Indicators:

• The company owns fixed assets valued at £270,650 as of 2023, which may represent real estate holdings aligned with its SIC codes for property letting and trading.
• No employees reported, which minimizes payroll obligations and may reduce operational cash burn.
• The sole director and 100% shareholder appears to have a stable residence and occupation, suggesting continuity in management.

4. Due Diligence Notes:

• Investigate the nature and terms of the company's long-term liabilities (£292,089) to assess repayment obligations and refinancing risks.
• Review cash flow statements and any available management accounts for insight into operational cash generation or reliance on external funding.
• Confirm the reasons for the overdue confirmation statement filing and whether this reflects broader governance weaknesses or administrative delays.
• Ascertain the valuation basis and liquidity of fixed assets to evaluate their realizability in distress scenarios.
• Understand the business model and revenue streams given the negative equity position and whether there is a turnaround plan in place.