Company Number: 13805256

Analysis Date: 2025-07-29 20:19 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits extremely limited net assets (£102) with current liabilities nearly equalling current assets, indicating minimal working capital. The cash balance has declined sharply from £13,305 to £5,420 in the past year. The company operates with a very small equity base and negligible financial buffer, posing a significant solvency risk.

2. Key Concerns:

• Minimal Net Assets and Working Capital: Net current assets stand at only £102 for 2023, which is insufficient to comfortably cover short-term obligations.
• Declining Cash Position: The cash at bank dropped by over 50% compared to the previous year, raising liquidity concerns.
• High Tax and Other Creditors: Creditors include £4,379 in taxation and social security and £2,300 other creditors, suggesting potential cash flow pressures to meet statutory payments.

3. Positive Indicators:

• Compliance and Timely Filings: Accounts and confirmation statements are up to date with no overdue filings, reflecting good regulatory compliance.
• No Auditor or Off-Balance Sheet Issues: The company is exempt from audit, and there are no off-balance sheet disclosures, reducing complexity or hidden risks.
• Stable Management Team: Four directors have been in place since incorporation, indicating stability in governance.

4. Due Diligence Notes:

• Examine Cash Flow Statements and Projections: Additional insight is needed on cash inflows/outflows and funding plans to assess sustainability.
• Investigate Nature of Creditors: Clarify the composition and terms of ‘other creditors’ and taxation liabilities to determine urgency and risk.
• Confirm Business Model Viability: Given the very limited financial scale, verify ongoing operational activities, contracts, or pipeline projects to assess future revenue prospects.