Company Number: 13667423

Analysis Date: 2025-07-20 11:33 UTC

1. Risk Rating: MEDIUM
   The company shows modest net assets and working capital with a small but positive equity base. However, current liabilities slightly exceed current assets in the latest year, indicating some liquidity pressure. The company is young and small, limiting historical financial evidence. No overdue filings or governance issues are apparent.

2. Key Concerns:

• Liquidity Position: Net current assets are negative (£-376) at the latest year end, suggesting potential short-term cash flow constraints.
• Small Scale and Limited Financial History: Incorporated in 2021 with minimal fixed assets and a single employee; business sustainability and growth prospects are uncertain.
• Reliance on a Single Director and Shareholder: Mrs. Begumhan Ozgur controls 100% ownership and management, concentrating operational and strategic risk.

3. Positive Indicators:

• Compliance with Filing Requirements: All statutory filings including accounts and confirmation statements are up to date with no overdue reports.
• Positive Net Assets and Equity Growth: Net assets increased from £385 in 2023 to £486 in 2024, indicating some retained earnings accumulation.
• No Audit Exemption Appropriately Applied: Financial statements prepared as unaudited abridged accounts, consistent with the small company status.

4. Due Diligence Notes:

• Review cash flow statements and debtor aging to assess liquidity and working capital management.
• Understand the nature and stability of the company’s revenue streams given diverse SIC codes (management consultancy, warehousing, transport support, and retail mail order).
• Evaluate director’s experience and plans for business scaling or additional resource deployment.
• Confirm no contingent liabilities or off-balance sheet obligations exist that could impair solvency.
• Assess the reason for the decline in cash from £11,334 in 2023 to £4,522 in 2024 and whether this is temporary or structural.