Company Number: 15333772

Analysis Date: 2025-07-29 17:15 UTC

1. Risk Rating: HIGH
   The company's financial statements reveal a precarious solvency position with net assets barely above zero (£43) and significant long-term liabilities (£25,011) exceeding current assets, suggesting elevated financial risk.

2. Key Concerns:

• Solvency Pressure: The company has only £43 in net assets with substantial creditors falling due after one year (£25,011), indicating reliance on external funding or potential liquidity challenges.
• Negative Long-Term Liabilities: High non-current liabilities relative to total assets may impair the company's ability to meet obligations over time, raising concerns about long-term viability.
• No Employees and Limited Operating History: Incorporated in December 2023 and reporting zero employees, the company is at an early stage with limited operational track record to assess business sustainability.

3. Positive Indicators:

• Current Assets Exceed Current Liabilities: Net current assets of £1,240 suggest the company can meet short-term obligations in the near term.
• No Overdue Filings: Up-to-date with accounts and confirmation statement filings, indicating compliance with regulatory requirements.
• Clear Ownership and Control: Single director and 100% ownership by Katy Jane Bedson simplifies governance and accountability.

4. Due Diligence Notes:

• Clarify Nature and Terms of Long-Term Creditors: Investigate the composition and repayment schedule of the £25,011 non-current liabilities to assess refinancing or default risk.
• Review Cash Flow Projections and Funding Sources: Given minimal net assets and starting phase, examine cash generation plans and whether additional capital injections are anticipated.
• Assess Business Model and Market Position: Understand the operational strategy behind Pilates With Katy Limited and whether it can generate sustainable revenues to cover liabilities.
• Check Director’s Background: While no disqualifications are noted, verifying the director’s financial and professional standing is prudent given sole control.