Company Number: 14721325

Analysis Date: 2025-07-20 16:28 UTC

1. Risk Rating: HIGH
   The company shows negative shareholders’ funds and net current liabilities, indicating potential solvency and liquidity risks. Despite no overdue filings, the financial position suggests the company may struggle to meet obligations without additional capital or improved cash flows.

2. Key Concerns:

• Negative Equity: Shareholders’ funds are negative (£-13,335 as of 2025), signaling accumulated losses and potential insolvency risk.
• Working Capital Deficit: Current liabilities (£32,572) exceed current assets (£25,823), resulting in negative net current assets (~£-6,749), which points to liquidity challenges.
• Short Trading History & No Employees: Incorporated in March 2023 with no employees reported, limiting operational scale and raising sustainability concerns without clear evidence of revenue growth or customer base.

3. Positive Indicators:

• No Overdue Filings: The company is compliant with both accounts and confirmation statement deadlines, reducing regulatory risk.
• Increasing Fixed and Current Assets: Fixed assets grew from £7,904 to £11,822 and current assets from £14,607 to £25,823 between 2024 and 2025, which may indicate some investment or asset accumulation.
• Single Controlling Director with Full Ownership: Ms. Sharon Daly as sole owner and director could facilitate swift decision-making and capital injections if necessary.

4. Due Diligence Notes:

• Clarify Revenue and Profitability: Financial statements lack explicit turnover or profit/loss figures; demand detailed trading performance and cash flow statements.
• Investigate Nature of Current Liabilities and Creditors: Understand composition and repayment terms of short- and long-term liabilities, including the £15,075 creditors after one year appearing in 2025 accounts but absent previously.
• Assess Business Model and Market Position: Verify the viability of operations in the retail pet and related goods sector, including customer base and growth strategy, given zero employees and small asset base.
• Check Director’s Financial Support: Confirm whether the director provides ongoing financial backing or intends to recapitalise to mitigate solvency risk.