Company Number: 14157307

Analysis Date: 2025-07-29 19:50 UTC

1. Risk Rating: HIGH
   The company shows significant solvency concerns, with net liabilities reported in both 2023 and 2024. Despite substantial fixed assets, the company’s current liabilities and long-term creditors exceed its total assets, resulting in negative shareholders’ funds.

2. Key Concerns:

   • Negative Net Assets: The company’s net assets are negative (£-25,562 in 2024), indicating the liabilities exceed assets, which raises questions about solvency and ability to meet obligations.
   • High Creditors Relative to Assets: Current liabilities (~£475k) and long-term creditors (~£475k) are disproportionately high compared to current assets (~£3.8k) and fixed assets (~£717k), suggesting liquidity risk.
   • No Employees and Limited Operational Data: The absence of any employees and minimal current assets raise concerns about the operational sustainability of the business.

3. Positive Indicators:

   • Stable Fixed Assets: Fixed assets remain consistent at approximately £716,809, indicating some tangible asset base that may support recoveries or refinancing.
   • Timely Filings: Accounts and confirmation statements are up to date with no overdue filings, suggesting compliance with statutory obligations.
   • Active Status: The company is active and not in liquidation or administration, allowing potential for operational recovery or restructuring.

4. Due Diligence Notes:

   • Investigate the nature and valuation of fixed assets to assess realizable value or encumbrances.
   • Review detailed creditor schedules to understand the composition and terms of the significant liabilities.
   • Examine cash flow statements or additional financial data (if available) to assess liquidity and ongoing operational cash generation.
   • Clarify business model and revenue streams given the lack of employees and minimal current assets.
   • Assess director’s plans and any contingent liabilities or related party transactions disclosed elsewhere.