Company Number: 13044762

Analysis Date: 2025-07-19 12:40 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position as of the latest accounts, indicating insolvency on a balance sheet basis. Despite positive net current assets, significant non-current liabilities exceed total assets, raising concerns about solvency and long-term financial stability.

2. Key Concerns:

• Negative Net Assets: The company's net assets position deteriorated from -£5,309 in 2022 to -£24,781 in 2023, signaling accumulated losses or liabilities exceeding assets.
• High Long-Term Creditors: Creditors falling due after more than one year increased substantially from £71,028 to £159,210, suggesting a heavy debt burden that may pressure future cash flows.
• No Employees and Limited Operational Data: The absence of employees and limited disclosures on revenue or profit raise questions about operational activity and sustainability.

3. Positive Indicators:

• Positive Net Current Assets: The company maintains a comfortable net working capital position (£134,907), indicating short-term liquidity is currently adequate to meet immediate obligations.
• Timely Filings: Both accounts and confirmation statements are up to date, showing compliance with statutory requirements and no regulatory red flags.
• Sole Director and PSC Alignment: The director and sole significant controller are the same person, simplifying governance and potentially streamlining decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of the significant long-term creditors, including whether these debts are secured or have repayment schedules that may impact cash flows.
• Obtain detailed profit and loss figures to assess operational profitability or losses contributing to negative equity.
• Clarify the business model and revenue streams given zero employees and the primary SIC codes related to real estate letting and trading.
• Review any contingent liabilities, guarantees, or off-balance sheet commitments that could exacerbate financial risk.
• Confirm the director's plans or strategies to address the negative net asset position and ensure ongoing solvency.