Company Number: 14935610

Analysis Date: 2025-07-29 20:20 UTC

1. Risk Rating: MEDIUM
   Justification: The company is newly incorporated (2023) and has filed its first micro-entity accounts showing a small net asset base (£700) and modest net current assets (£3,340). While it is not overdue on filings, the limited financial history and low equity base elevate solvency and operational risks typical for start-ups.

2. Key Concerns:

   • Minimal Net Assets and Working Capital: Net assets of only £700 and modest net current assets (£3,340) suggest limited financial buffer to absorb shocks or fund growth.
   • No Employees and Limited Operational Scale: The company reports zero employees, indicating a potentially very small or non-operational business model at this stage.
   • Single Director and Shareholder Control: Full ownership and control by one individual (Mr Naresh Kamlesh Punjabi) may present governance risks without independent oversight.

3. Positive Indicators:

   • Timely Filings: The company is current on both its accounts and confirmation statement, indicating compliance with statutory requirements.
   • Positive Net Current Assets: Despite limited scale, current assets exceed current liabilities, implying the company can meet short-term obligations as of the last accounts date.
   • Clear Ownership and Control Structure: Transparency regarding ownership and control reduces uncertainty about decision-making authority.

4. Due Diligence Notes:

   • Investigate the company’s business model, revenue streams, and operational plans given the absence of employees and minimal assets.
   • Request management accounts or cash flow forecasts to assess liquidity and ongoing operational viability.
   • Confirm the director’s experience and track record in managing similar businesses, given sole control and responsibility.
   • Monitor future filings for growth in assets, turnover, and workforce to gauge business development.
   • Review any related party transactions or loans, as small capital and ownership concentration may increase related party risk.