Company Number: 13116315

Analysis Date: 2025-07-20 12:41 UTC

1. Risk Rating: HIGH
   The company exhibits persistent net current liabilities and negative shareholders’ funds over multiple years, indicating ongoing financial distress and solvency concerns.

2. Key Concerns:

• Negative Net Current Assets: The company’s working capital remains negative (£-769 as of Jan 2024), limiting its ability to meet short-term obligations.
• Negative Shareholders’ Funds: The equity position is negative (£-769 in 2024), reflecting accumulated losses and insufficient capital buffer.
• Director Loans as Key Liability: A significant portion of current liabilities (£2,128 in 2024) are loans from directors, which may indicate reliance on related party funding rather than external financing.

3. Positive Indicators:

• Regular Filing Compliance: The company is up to date with accounts and confirmation statement filings, showing regulatory compliance and transparency.
• No Employees: Zero employees reduce operational overhead and complexity.
• Small Scale Operations: Being a micro/small entity reduces certain regulatory burdens and may allow lean operations.

4. Due Diligence Notes:

• Investigate the nature and terms of director loans, including repayment plans and interest.
• Assess the company’s cash flow projections and plans to restore positive working capital.
• Review strategic plans or market positioning given the retail internet sales SIC code (47910) to evaluate future viability.
• Confirm if there are any contingent liabilities or off-balance sheet risks not disclosed in accounts.
• Verify whether the company has any overdue payments or supplier disputes not apparent from filings.