Company Number: 15438761

Analysis Date: 2025-07-20 19:04 UTC

1. Risk Rating: HIGH
   The company shows negative net assets (£-5,162) at year-end, with current liabilities (£5,688) exceeding current assets (£526) by a significant margin, indicating immediate solvency and liquidity concerns. The company is newly incorporated (2024) and has no employees or operational revenue reported, which raises concerns about operational sustainability.

2. Key Concerns:

• Solvency and Liquidity: The company’s net current liabilities and negative shareholders’ funds highlight a risk that it is unable to meet short-term obligations without additional financing.
• Operational Activity: No employees and minimal assets suggest the business may not be operational or generating income, increasing risk of continued losses.
• Financial Transparency: The company has chosen not to file its profit and loss account, limiting insight into income or expenses and reducing transparency for investors.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statement) are up to date and not overdue, demonstrating regulatory compliance.
• Single Major Shareholder: The 75-100% control by Mr. Riza Bulent Gumusel suggests clear ownership and potential for continued support or capital injection if needed.
• No Director Disqualifications: The sole director has no public record of disqualification, reducing governance risk.

4. Due Diligence Notes:

• Investigate the source and timing of the creditors’ amounts due—are these trade creditors, loans, or other liabilities?
• Confirm the business model and whether trading has commenced or is planned imminently.
• Review any shareholder agreements or capital commitments from the controlling shareholder.
• Assess the plans for improving liquidity and solvency—new capital injections, loans, or operational revenue generation.
• Clarify why the profit and loss account was not filed and request further financial detail if possible.