Company Number: 13590542

Analysis Date: 2025-07-20 17:38 UTC

1. Risk Rating: HIGH
   The company shows a significant deterioration in financial position over the last reported year. Net assets have declined sharply from £23,903 in 2023 to only £4,678 in 2024, primarily due to a large reduction in current assets and apparent elimination of long-term creditors from the balance sheet. This raises concerns about solvency and financial stability.

2. Key Concerns:

• Sharp Asset Decline: Current assets dropped from £174,683 in 2023 to £4,720 in 2024, indicating potential liquidity issues or asset disposals.
• Large Long-Term Creditors Removed: Previously reported creditors due after one year of £150,065 were not present in 2024 accounts, suggesting possible repayment or restructuring that needs clarification.
• Very Limited Operations: Only 1 employee and no fixed assets reported, implying minimal operating scale and potential vulnerability to market or operational disruptions.

3. Positive Indicators:

• Timely Filing and Compliance: Accounts and confirmation statement are filed on time with no overdue notices, demonstrating regulatory compliance and governance discipline.
• Sole Director and PSC Stability: The director and PSC are the same individual with clear ownership and control, potentially enabling swift decision-making.
• Micro-entity Status: The company is small with minimal reporting requirements, which may reduce administrative burdens.

4. Due Diligence Notes:

• Investigate the reason behind the dramatic reduction in current assets and disappearance of long-term liabilities between 2023 and 2024.
• Review cash flow statements (if available) or bank statements to assess liquidity and working capital management.
• Confirm the nature of operations and revenue streams given the minimal employee count and absence of fixed assets.
• Assess any contingent liabilities or off-balance sheet exposures not reflected in micro-entity accounts.
• Verify any changes in loan agreements or creditor arrangements that explain balance sheet changes.
• Consider the impact of the company’s recent incorporation date (2021) on financial trends and stability.