Company Number: 13136500

Analysis Date: 2025-07-20 17:55 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns, with net liabilities deepening over recent years and current liabilities far exceeding current assets. The absence of employees and minimal capital suggest operational fragility.

2. Key Concerns:

• Persistent and increasing net liabilities: From -£6,832 in 2022 and 2023 to -£22,563 in 2024, indicating worsening financial health and inability to cover debts.
• Negative working capital: Current liabilities (£26,300) substantially exceed current assets (£3,737) as of the latest accounts, signaling liquidity risk and potential cash flow problems.
• No reported employees and minimal share capital (£29), raising questions on operational capacity and sustainability of the business model.

3. Positive Indicators:

• The company remains active and compliant with filing deadlines, indicating good governance in terms of regulatory compliance.
• Multiple persons with significant control are registered, possibly providing diverse oversight and potential capital support.
• The director recently changed, which could reflect efforts to improve management or strategic direction.

4. Due Diligence Notes:

• Investigate the nature of current liabilities: creditors, loans, or other obligations—especially whether any are overdue or subject to enforcement.
• Examine cash flow statements or any management information to assess ongoing liquidity and operational cash generation.
• Clarify the business model and revenue streams given the lack of employees and negative net assets.
• Review director and shareholder intentions regarding recapitalization or restructuring plans to address the financial deficits.
• Confirm the reason and impact of the recent name change on business operations or strategy.