Company Number: 13102988

Analysis Date: 2025-07-20 16:47 UTC

1. Risk Rating: MEDIUM
   The company exhibits very limited financial scale and modest net asset value (£881 as of 2023 year-end). While it is not insolvent, the net asset base is minimal, and current liabilities exceed current assets, resulting in a negative net working capital position (-£1,196). These factors suggest moderate solvency risk and potential liquidity pressures.

2. Key Concerns:

• Negative Net Current Assets: The reported net current liabilities indicate potential cash flow constraints and difficulty in meeting short-term obligations without additional financing or asset liquidation.
• Minimal Share Capital and Equity: Share capital of £1 and very low net assets limit the company’s financial buffer against losses or unexpected expenses.
• No Employees and Limited Operational Scale: The absence of employees reported in 2023 suggests a very small or possibly dormant operational footprint, raising questions about ongoing revenue generation and business sustainability.

3. Positive Indicators:

• Timely Filings and Compliance: No overdue accounts or confirmation statements indicate good compliance with regulatory requirements, reducing governance risk.
• Stable Fixed Asset Base: Fixed assets remain constant at £2,077 over multiple years, suggesting some level of tangible asset backing.
• Active and Experienced Directors: The company has active directors with a recent appointment, indicating ongoing management involvement.

4. Due Diligence Notes:

• Review Cash Flow and Revenue Streams: Investigate the company’s sources of income and cash inflows to assess the ability to cover liabilities and fund operations.
• Examine Reasons for Negative Working Capital: Determine whether current liabilities are cyclical or one-off, and whether the company has access to credit facilities or shareholder support.
• Assess Business Model Viability: Given the micro-entity scale and lack of employees, verify the operational status and strategic plans for growth or continuation.
• Confirm PSC Ownership Structure: Multiple PSCs appear to have overlapping 75-100% control claims, which may require clarification for governance transparency.