Company Number: 14357857

Analysis Date: 2025-07-29 18:26 UTC

1. Risk Rating: MEDIUM
   The company is solvent with positive net assets and working capital, but the significant drop in net current assets and net assets compared to the prior year, combined with limited share capital and director advances, suggests moderate risk.

2. Key Concerns:

• Decline in net current assets from £21,582 in 2023 to £9,642 in 2024, indicating potential liquidity pressure.
• Reduction in net assets from £31,094 to £17,277 over one year, which may reflect operational challenges or profitability issues.
• Reliance on director advances (£893 outstanding) may indicate cash flow constraints or funding dependency on insiders.

3. Positive Indicators:

• Company remains active and filings (accounts and confirmation statements) are up to date, showing compliance with regulatory requirements.
• Current assets exceed current liabilities, providing a positive working capital position.
• Tangible fixed assets are maintained, suggesting ongoing investment in operational capacity.
• Ownership and control are transparent with two directors holding clear stakes and governance roles.

4. Due Diligence Notes:

• Investigate the cause of the substantial decrease in debtors and cash balances year-over-year to assess revenue and cash flow trends.
• Review profit and loss details (not filed with accounts) to understand operational profitability and any non-recurring items affecting reserves.
• Examine the nature and terms of director advances and any related party transactions for potential risks.
• Confirm the sustainability of current liabilities and tax obligations, particularly the corporation tax balance (~£6,800).
• Evaluate business model and market position given the SIC code “Other professional, scientific and technical activities not elsewhere classified” to understand revenue sources and growth prospects.