Company Number: 14336869

Analysis Date: 2025-07-19 12:26 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position and net current liabilities as of the latest accounts (2024), indicating financial distress and potential solvency issues.

2. Key Concerns:

• Negative Net Assets and Net Current Liabilities: The balance sheet shows net liabilities of £518 at 30 September 2024, deteriorating from net liabilities of £214 in the prior year, suggesting worsening financial health.
• Absence of Revenue or Employees: The accounts note zero employees and no indication of operational activity, raising concerns about the company's ability to generate income or sustain operations.
• Minimal Asset Base and Working Capital Deficit: Current assets remain minimal (£382 in 2024) compared to current liabilities (£900), indicating liquidity constraints that could impair meeting short-term obligations.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company is up to date with its accounts and confirmation statement filings, reducing regulatory compliance risk.
• Clear Ownership and Governance: Director and PSC information is transparent, with no records of disqualifications or governance issues noted.
• Micro-entity Status: Being a micro-entity reduces some administrative burdens and may indicate a simpler business structure.

4. Due Diligence Notes:

• Investigate Underlying Business Model and Revenue Streams: Clarify the company’s operational activities given no employees and apparent lack of trading.
• Examine Cash Flow and Funding Arrangements: Assess how the company is financing its liabilities and whether there is external support or shareholder loans.
• Review Director Intentions and Business Plans: Engage with management to understand plans to restore solvency and improve financial position.
• Confirm Accuracy of Reported Figures: Given micro-entity exemption and minimal disclosures, validate that all liabilities and assets are properly accounted for.
• Check for Related Party Transactions or Contingent Liabilities: Given the negative net worth, assess any off-balance sheet exposures.