Company Number: 14760072

Analysis Date: 2025-07-19 12:05 UTC

1. Risk Rating: HIGH
   The company’s financial statements show a net liability position with total net assets at negative £278, indicating insolvency on a balance sheet basis. Additionally, current assets are nil while current liabilities are £1,152, suggesting potential liquidity challenges. The company is newly incorporated (March 2023) and has no employees, which raises concerns about operational scale and sustainability.

2. Key Concerns:

• Negative Net Assets: The company’s balance sheet indicates total liabilities exceed total assets, signaling solvency risk.
• Lack of Current Assets: Zero current assets against current liabilities could imply cash flow or working capital difficulties to meet short-term obligations.
• New Start-Up with No Employees: As a micro-entity incorporated less than a year ago, with no employees and minimal operational disclosures, the business sustainability is uncertain.

3. Positive Indicators:

• No Overdue Filings: The company’s accounts and confirmation statement are filed on time, indicating compliance with regulatory requirements.
• Director with Relevant Occupation: The sole director, Mr. Benjamin Richard Mann, is a lawyer, which may support good governance and legal compliance.
• Clear Ownership and Control: The director holds 75-100% shares and voting rights, simplifying decision-making and accountability.

4. Due Diligence Notes:

• Investigate the nature and valuation basis of fixed assets (£169,874) to assess their liquidity and reliability in meeting liabilities.
• Clarify the nature and terms of the £169,000 creditors due after more than one year, to understand long-term financial commitments.
• Review cash flow forecasts or management accounts to evaluate liquidity beyond the balance sheet snapshot.
• Ascertain business model, revenue generation plans, and operational strategy given the lack of employees and current assets.
• Confirm no director disqualifications or adverse conduct records for Mr. Mann beyond the basic data provided.