Company Number: 14705166

Analysis Date: 2025-07-29 19:54 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position with net liabilities of £397, indicating solvency concerns. The current liabilities (£4,323) significantly exceed cash (£590), suggesting liquidity risk. Furthermore, the company is newly established (incorporated March 2023) with limited financial history and minimal operating scale (one employee), which increases operational risk.

2. Key Concerns:

• Negative net assets and net current liabilities of £3,733 indicate the company may struggle to meet short-term obligations.
• Very limited cash reserves (£590) versus current liabilities (£4,323) pose liquidity challenges.
• Lack of turnover and profit data (accounts are abridged and income statement not filed) restricts assessment of operational sustainability.

3. Positive Indicators:

• Director and sole significant controller is clearly identified with no adverse records, suggesting stable governance at the management level.
• Company is compliant with filing deadlines with no overdue returns or accounts, showing regulatory compliance.
• Intangible fixed assets (£3,336) relate to capitalized development expenditure, potentially indicating investment in proprietary technology or intellectual property.

4. Due Diligence Notes:

• Investigate the nature and recoverability of the intangible fixed assets (development costs) given no amortisation charged and the very long amortisation period (100 years).
• Obtain detailed income statement or management accounts to assess revenue generation and profitability trends.
• Clarify the company's business model and cash flow projections to determine operational viability and funding requirements.
• Confirm no undisclosed contingent liabilities or related party transactions that could impact solvency.
• Review director’s plans for addressing working capital deficit and ongoing funding sources.