Company Number: 13971073

Analysis Date: 2025-07-29 19:36 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks. Negative net current assets persistently recorded over multiple years, combined with minimal cash and reliance on debtors for current assets, are key concerns. The company is very small with no employees and no reported revenue or profit data, indicating limited operational activity.

2. Key Concerns:

• Negative Working Capital: Net current assets are negative (£-98) in the last three reported years, indicating current liabilities exceed current assets, posing liquidity risk.
• Minimal Cash Holdings: Cash on hand is negligible (£2) across all years, suggesting inability to meet short-term obligations without converting debtors or obtaining external funding.
• Lack of Operational Data: No employees and no disclosed turnover or profitability data raise concerns about operational viability and sustainability. The company appears to be a holding company with investments but limited trading activity.

3. Positive Indicators:

• Shareholders’ Funds Stable: Share capital and equity remain stable at £500, indicating some level of capital backing from shareholders.
• No Filing Overdues: All statutory filings (accounts and confirmation statements) are up to date with no overdue notices, showing compliance with regulatory requirements.
• Active Website and Director Control: Presence of an active website and a named director with full control suggests governance structures are in place.

4. Due Diligence Notes:

• Investigate the nature and value of the fixed asset investments (£598) recorded to understand the company’s asset base and potential sources of value or income.
• Review the debtor composition to assess collectability and timing, as debtors make up nearly all current assets.
• Clarify the company’s business model and operational activities since it is classified as a holding company but lacks trading data and employees.
• Assess any group structure or related party transactions, given the holding company SIC and the director/shareholders’ profile.
• Confirm no director disqualifications or governance issues beyond what is reported.