Company Number: 14120759

Analysis Date: 2025-07-20 17:39 UTC

1. Risk Rating: HIGH
   The company shows significant insolvency concerns, with negative shareholders' funds and large net current liabilities, indicating it may struggle to meet short-term obligations.

2. Key Concerns:

• Negative Net Current Assets: The company had net current liabilities of £915,188 as of 31 March 2024, worsening from the previous year, highlighting liquidity risk.
• Negative Shareholders’ Funds: Shareholders’ funds are negative at £258,821, indicating the company’s liabilities exceed its assets and potential insolvency risk.
• Debt Maturity Profile: There is a substantial creditor balance both within one year (£1,070,831) and after one year (£468,750), raising concerns about debt servicing and refinancing risk given limited current assets.

3. Positive Indicators:

• Fixed Assets Stability: Fixed assets have increased slightly to £1,197,287, suggesting some stable investment in long-term assets.
• Compliance with Filings: The company’s annual accounts and confirmation statements are filed on time, demonstrating regulatory compliance and governance discipline.
• Active Status and Recent Director Appointment: The company is active and has added a new director recently (March 2024), which may indicate ongoing management oversight.

4. Due Diligence Notes:

• Investigate the nature and recoverability of fixed assets to assess their true liquidity and value.
• Review the terms, interest rates, and maturity of creditors to understand refinancing or repayment risks.
• Examine cash flow statements and working capital management to evaluate operational liquidity beyond the balance sheet snapshot.
• Assess any intercompany arrangements with significant controllers Pluto Workspaces Limited and Aari Properties Limited, given their controlling interests.
• Clarify the company’s business model under SIC code 82990, including revenue generation and profitability, as no income statement data is provided here.