Company Number: 13116160

Analysis Date: 2025-07-20 12:14 UTC

1. Risk Rating: HIGH
   The company’s latest micro-entity accounts show significant net current liabilities of £46,572 as of 31 January 2025, indicating an inability to cover short-term obligations with current assets. This deteriorating working capital position, worsened from prior years, points to acute solvency and liquidity risks.

2. Key Concerns:

• Negative Net Current Assets: The company reports current liabilities far exceeding current assets, creating a net current liability position that signals potential cash flow difficulties.
• No Employees Reported: The absence of employees raises questions about operational capacity and business sustainability given its classification in residential care and staffing activities.
• Minimal Share Capital and Equity Erosion: Share capital is nominal (£1.00), and shareholders’ funds are negative and worsening, indicating sustained losses or accumulated deficits undermining financial stability.

3. Positive Indicators:

• Up-to-date Filings: No overdue accounts or confirmation statements, indicating compliance with statutory filing requirements.
• Active Website and Social Media Presence: Suggests ongoing commercial activity and a degree of operational engagement in the staffing sector.
• Established Directors and PSCs: Presence of multiple directors and persons with significant control suggests governance structures are in place, although their effectiveness requires further review.

4. Due Diligence Notes:

• Examine Cash Flow Statements: To understand the underlying causes of the negative working capital and assess if the company can meet near-term obligations.
• Investigate Business Model and Revenue Streams: Verify if the company is generating revenue consistent with its stated SIC codes (residential care and temporary staffing) despite zero reported employees.
• Review Related Party Transactions and Director Loans: Given the negative equity, scrutinize potential financial support from directors or related parties.
• Confirm Accuracy of Financial Reporting: The large negative net current assets contrast with positive net assets figures in narrative (possible data inconsistency). Clarify the true financial position.
• Assess Directors’ Conduct and Company History: No disqualifications noted, but turnover in directors (resignation in mid-2025) warrants inquiry into management stability.