Company Number: 15166905

Analysis Date: 2025-07-20 17:56 UTC

1. Risk Rating: HIGH
   Justification: The company shows a significant negative net asset position (£-13,627) immediately after incorporation and first accounting period, indicating insolvency risk. Current liabilities far exceed current assets, signaling serious liquidity constraints. Limited operating history and minimal financial data heighten uncertainty.

2. Key Concerns:

• Negative net current assets and shareholders’ funds indicate inability to meet short-term obligations from existing resources.
• Minimal current assets (£6) compared to substantial current liabilities (£13,633) suggests cash flow or working capital deficiencies.
• Company is newly incorporated (2023-09-26) with only one micro-entity filing, limiting insight into trading performance and sustainability.

3. Positive Indicators:

• Compliance with filing deadlines for both accounts and confirmation statements reflects good regulatory adherence to date.
• Single director and PSC actively engaged in company management, potentially enabling swift decision-making.
• Industry classification is in cleaning services, a sector with relatively low capital requirements, possibly aligning with initial scale.

4. Due Diligence Notes:

• Investigate nature and origin of current liabilities, including whether they are trade payables, director loans, or other obligations.
• Obtain management accounts or cash flow forecasts to assess operational viability and plans to address negative equity.
• Review director’s background and any external financing arrangements or guarantees supporting the company’s working capital.
• Clarify absence of profit and loss account filing—seek detailed trading performance and revenue generation since incorporation.
• Assess any contingent liabilities or off-balance sheet commitments not disclosed in micro-entity accounts.