Company Number: 14986625

Analysis Date: 2025-07-29 18:59 UTC

1. Risk Rating: HIGH
   Justification: The company shows negative net current assets (-£9,566) indicating current liabilities exceed current assets, which poses a liquidity risk. The company is newly incorporated (2023) with no employees and no fixed assets, suggesting limited operational scale or established revenue streams. The financial statements reflect a micro-entity with minimal activity and a net liability position, raising concerns about solvency and operational sustainability.

2. Key Concerns:

• Liquidity Risk: Current liabilities (£20,000) exceed current assets (£10,434) by £9,566, implying potential difficulties in meeting short-term obligations.
• Operational Scale: No employees and no fixed assets reported; the business appears at an embryonic or pre-revenue stage with uncertain cash flow generation.
• Financial Sustainability: Negative net assets (capital and reserves at -£9,566) indicate that the company’s liabilities exceed its assets, which is a red flag for solvency without additional capital injection or revenue.

3. Positive Indicators:

• Compliance: No overdue filings for accounts or confirmation statements, indicating good regulatory compliance.
• Active Website and Business Focus: The company operates in a niche R&D sector (pollination science) with an active website, suggesting a clear business proposition and presence.
• Directors and PSCs: Directors also hold significant control and have relevant technical occupations (software engineer/developer), potentially indicating committed leadership.

4. Due Diligence Notes:

• Clarify the nature and timing of funding sources or planned capital injections to address current negative working capital.
• Investigate the company's revenue generation status, contracts, or customer pipeline to assess operational viability.
• Review director and shareholder commitment to sustain the business financially and operationally in the short to medium term.
• Confirm the nature of the £20,000 current liabilities—whether trade creditors, loans, or other obligations—and repayment terms.
• Examine any related party transactions or loans from directors that may support liquidity.