Company Number: 15128076

Analysis Date: 2025-07-20 12:31 UTC

1. Risk Rating: MEDIUM
   The company has very limited financial history given its recent incorporation in September 2023. The net current assets have improved from a negative position of £-603 in 2024 to a modest positive £68 in 2025, indicating some progress in liquidity. However, overall asset and equity levels remain minimal, with only £68 net assets and £1 cash available, which poses moderate solvency concerns. The company is active and compliant with filings but operates with extremely thin financial buffers.

2. Key Concerns:

• Low Capitalization and Working Capital: Net assets are minimal (£68), and current liabilities (£1,767) nearly match current assets (£1,835), leaving negligible working capital buffer.
• Limited Financial History and No Employees: The company is newly incorporated with no reported employees or turnover disclosed, limiting evidence of operational sustainability.
• Director Loan and Repayment: The £219 director loan was fully repaid in the latest year, indicating prior reliance on director funding, but future reliance or financial support is uncertain.

3. Positive Indicators:

• Improvement in Liquidity Position: The company moved from a net current liability position in 2024 to a small positive net current asset in 2025, showing some financial stabilization.
• No Overdue Filings: All accounts and confirmation statements are filed on time, indicating good regulatory compliance and governance discipline.
• Clear Ownership and Control: The sole director and 75-100% shareholder is identified with no disqualification records reported, suggesting stable leadership.

4. Due Diligence Notes:

• Investigate current and projected turnover and cash flow forecasts to assess operational sustainability and potential for growth.
• Clarify the nature and terms of the current liabilities (£1,767), especially the £984 'other loans' and whether these are short-term risks.
• Confirm if any contracts or client engagements exist, given the SIC code 96040 (Physical well-being activities), to assess business viability.
• Review director's plans for capital injection or financing to ensure ongoing solvency.
• Confirm there are no undisclosed related party transactions or contingent liabilities.