Company Number: 15054077

Analysis Date: 2025-07-20 13:19 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position and negative working capital within its first financial period, indicating solvency concerns. The micro-entity status limits financial disclosure, but the available balance sheet data points to financial instability.

2. Key Concerns:

• Negative Shareholders’ Funds: The company’s equity stands at approximately -£18,801, suggesting liabilities exceed assets.
• Negative Net Current Assets: Current liabilities (£248,897) exceed current assets (£126,656), resulting in a working capital deficit of -£122,241, which raises liquidity concerns.
• No Employees and Early Stage: The company has no employees and was incorporated in August 2023, with limited operational history, making it difficult to assess its sustainability and cash flow generation.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed its accounts and confirmation statement on time, indicating regulatory compliance and good governance practices.
• Clear Ownership and Control: The presence of identified persons with significant control and appointed directors suggests transparent governance structures.
• Defined Business Activity: The company’s SIC codes relate to real estate management and operations, which are established commercial activities.

4. Due Diligence Notes:

• Investigate the nature of the substantial current liabilities and whether these are short-term borrowings, trade creditors, or other obligations.
• Review the company’s business plan and cash flow forecasts to understand how it intends to address negative net assets and working capital deficits.
• Assess any contingent liabilities or off-balance-sheet commitments that could further impact solvency.
• Confirm whether there are related party transactions, especially given the high ownership concentration, and evaluate their terms.
• Monitor future financial statements for improvement in asset base and liquidity position.