Company Number: 13560318

Analysis Date: 2025-07-29 20:04 UTC

1. Risk Rating: HIGH
   The company shows significant solvency and liquidity risks as evidenced by materially negative net assets (-£138,814) and net current liabilities (-£154,595) as of the latest accounts. The large increase in current liabilities, primarily intercompany loans repayable on demand, heightens short-term financial pressure.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s net liabilities position and substantial working capital deficit suggest persistent losses or capital erosion, raising concerns over its ability to meet obligations.
• Concentration of Interest-Free, Demand-Repayable Loans from Related Parties: Over £195k of current liabilities are owed to related parties, unsecured and interest-free, which may not be sustainable and places the company at risk if lenders call in loans unexpectedly.
• No Employees and Limited Operational Data: With zero employees reported and no detailed revenue or profit disclosure, operational viability and business sustainability are unclear.

3. Positive Indicators:

• Timely Filing and Compliance: Accounts and confirmation statements are filed on time with no overdue status, indicating good regulatory compliance and governance discipline.
• Active Website Presence: The company maintains an active website focused on eco-friendly technologies, which suggests ongoing business activity and market positioning.
• Recent Capital Investments: Tangible fixed assets have increased, indicating ongoing investment in business infrastructure.

4. Due Diligence Notes:

• Investigate the nature and terms of related party loans, including the parent company and Simmax Corp, to assess dependency and risk of demand repayment.
• Review management accounts or internal financial data to understand revenue streams, cash flows, and operational performance not disclosed in abridged accounts.
• Clarify the company’s business model and sustainability given the absence of employees and the large working capital deficit.
• Assess directors’ plans for financial restructuring or capital infusion to restore solvency.