Company Number: 13499855

Analysis Date: 2025-07-20 13:29 UTC

1. Risk Rating: MEDIUM
   The company shows ongoing negative net current assets, indicating liquidity pressure, but maintains positive net assets due to fixed assets. Being a micro-entity with limited operations and no employees, the risk of insolvency is moderate but not imminent based on the latest accounts.

2. Key Concerns:

• Consistent negative net current assets (£-5,374 in 2024, worsening from prior years), suggesting working capital deficits and potential cash flow constraints.
• No employees and limited turnover details provided, raising questions about operational scale and sustainability.
• Reliance on directors who are also significant shareholders and the absence of external audit may limit transparency and raise governance concerns.

3. Positive Indicators:

• Positive net assets (£6,086 in 2024) supported by fixed assets (£12,000), indicating some asset backing against liabilities.
• Up-to-date statutory filings with no overdue accounts or confirmation statements, reflecting compliance with regulatory requirements.
• Directors have maintained control and there are no indications of insolvency proceedings or disqualifications.

4. Due Diligence Notes:

• Investigate the nature and liquidity of the fixed assets to assess their realizable value in a stress scenario.
• Review detailed cash flow statements and turnover figures to better understand operational cash generation and sustainability.
• Assess any off-balance sheet liabilities or contingent risks not visible in the micro-entity accounts.
• Clarify the business model and revenue sources given the SIC code (real estate letting) and absence of employees.