Company Number: 13438792

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

1. Risk Rating: LOW
   The company exhibits strong net current assets relative to its current liabilities and maintains positive net assets, indicating sound solvency and liquidity. No overdue filings or legal issues are evident, and the business has complied with all statutory requirements.

2. Key Concerns:

• Extremely minimal share capital (£1.00), which may reflect limited capitalization and could constrain financial flexibility.
• Absence of employees over the past two years (average number of employees: 0), raising questions about operational scale and sustainability.
• Lack of detailed income statement information and profit or loss disclosures (exempt from audit and abridged accounts), limiting insight into revenue generation and operational performance.

3. Positive Indicators:

• Consistent growth in net current assets and shareholders’ funds from £2,317 in 2021 to £15,289 in 2024, suggesting accumulation of retained earnings or reserves.
• Cash holdings exceed current liabilities by a substantial margin (e.g., £16,290 cash vs. £1,001 liabilities in 2024), indicating strong liquidity.
• Timely and compliant filing of accounts and confirmation statements with no overdue returns, reflecting good governance and regulatory compliance.
• Director is a single named individual with no adverse records, supporting stable governance.

4. Due Diligence Notes:

• Investigate the nature of business activities given the SIC code (47910: Retail sale via mail order or internet) and zero employees, to understand operational model (e.g., outsourced operations, sole proprietorship).
• Review profit and loss details and cash flow statements (if available) to verify revenue sources and operational sustainability.
• Assess shareholder structure and capitalization adequacy beyond nominal share capital, including any loans or investments not reflected in equity.
• Confirm absence of contingent liabilities or off-balance-sheet obligations that might impact solvency.
• Examine director’s background and related-party transactions for potential conflicts or risks.