Company Number: 15550508

Analysis Date: 2025-07-20 16:59 UTC

1. Risk Rating: HIGH
   Justification: The company shows net liabilities of £338 as at 31 March 2025, indicating negative net assets immediately after its first financial year. Current liabilities exceed current assets, suggesting short-term liquidity concerns. Additionally, the company has no reported employees and very minimal assets, which raises concerns about operational scale and sustainability.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s balance sheet reveals net current liabilities of £338, implying it may struggle to meet short-term obligations.
• Lack of Operational Scale: Zero employees and minimal current assets (£1,297) indicate the business is either at a very early stage or is not operationally robust.
• Concentration of Control: Single individual (Omotayo Adeola Adeniyi) holds 75-100% shares and voting rights, which may present governance risks due to lack of independent oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, demonstrating regulatory compliance.
• Clear Ownership and Management Structure: PSC and director details are transparent and current.
• Exemption from Audit: As a micro-entity, the company benefits from simplified reporting requirements, reducing administrative burdens.

4. Due Diligence Notes:

• Investigate the nature and timing of creditors to understand the liquidity risk more clearly.
• Clarify business model and operational plans given lack of employees and minimal assets.
• Assess future funding or capital injection plans to rectify the negative equity position.
• Review director’s background and financial capacity to support the company given sole control.
• Confirm there are no undisclosed contingent liabilities or off-balance-sheet commitments.