Company Number: 13110470

Analysis Date: 2025-07-20 14:10 UTC

1. Risk Rating: MEDIUM
   The company shows a significant deterioration in net assets from £43,691 in 2023 to £8,035 in 2024, primarily driven by a substantial reduction in current assets and current liabilities. While still solvent with positive net assets and net current assets, the decline raises concerns about financial stability and liquidity.

2. Key Concerns:

• Sharp decline in current assets from £131,857 in 2023 to £49,284 in 2024, indicating potential cash flow or receivables collection issues.
• Current liabilities remain high relative to current assets, though net current assets are positive; this narrowing margin increases liquidity risk.
• The company’s micro-entity status limits the depth of publicly available financial disclosures, restricting insight into profitability, cash flows, and contingent liabilities.

3. Positive Indicators:

• The company remains solvent with positive net assets and net current assets as of the latest accounts.
• No overdue filings or compliance issues noted; confirmation statement and accounts are up to date.
• Stable employee base (3 employees) suggests operational continuity and no immediate workforce disruption.
• Director and company status are current with no indication of insolvency proceedings.

4. Due Diligence Notes:

• Investigate reasons behind the large drop in current assets and whether this reflects reduced cash balances, client payments, or other factors.
• Review detailed profit and loss data and cash flow statements (not available in micro-entity filings) to assess operational performance and cash generation.
• Confirm the nature and maturity profile of current liabilities to evaluate short-term repayment risks.
• Assess director capacity and governance given the small scale and the reliance on a single director with portfolio management background.
• Consider obtaining management accounts or additional disclosures to clarify financial trends and sustainability.