Company Number: 14154851

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

1. Risk Rating: HIGH
   The company exhibits a significant solvency risk, evidenced by negative net assets of £334,441 as of 30 June 2023. The current liabilities (£913,855) exceed fixed assets (£579,414), resulting in a negative working capital position. This indicates an inability to cover short-term obligations from available assets.

2. Key Concerns:

• Negative Net Assets: The company’s balance sheet shows net liabilities, implying insolvency on a balance sheet basis. This is a critical red flag for potential creditors and investors.
• Excessive Current Liabilities: Current liabilities are substantially higher than fixed assets and no current assets are reported, suggesting liquidity pressures and potential cash flow difficulties.
• Late Filing of Accounts: The latest accounts were overdue at the time of data extraction, indicating possible governance or administrative issues that may reflect operational instability or management challenges.

3. Positive Indicators:

• Active Status: The company remains active and not in liquidation or administration, indicating ongoing operations and potential to address financial difficulties.
• Small Size and Micro-entity Reporting: As a micro-entity, reporting requirements are minimal, which may reduce administrative burdens and costs.
• Single Employee: Minimal headcount suggests lean operations, potentially limiting overhead costs.

4. Due Diligence Notes:

• Investigate the absence of current assets in the accounts and confirm if cash or receivables exist off-balance-sheet or were omitted.
• Review the nature and terms of current liabilities to assess maturity profiles and potential restructuring options.
• Examine management’s plans to restore solvency and liquidity, including capital injections or operational improvements.
• Confirm the reasons behind overdue accounts filing and assess overall compliance culture and governance practices.
• Obtain more recent financial data or management accounts to understand current trading and cash flow status beyond the 2023 year-end.