Company Number: 13165723

Analysis Date: 2025-07-20 17:18 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial distress as evidenced by persistent net liabilities and negative net current assets. The absence of employees and minimal current assets raise concerns about operational viability and liquidity.

2. Key Concerns:

• Solvency Risk: The company has reported negative net assets of £2,670 as of 31 January 2024, following a prior year with net liabilities of £4,955, indicating an ongoing solvency issue.
• Liquidity Concerns: Current liabilities (£2,329) substantially exceed current assets (£9), resulting in a negative working capital position of £-2,320, signaling potential difficulties meeting short-term obligations.
• Operational Stability: The company reports zero employees and negligible current assets, suggesting a lack of business activity or revenue-generating operations, which challenges sustainability.

3. Positive Indicators:

• The company is up to date with all statutory filings, including accounts and confirmation statements, indicating compliance with regulatory requirements.
• The director has maintained consistent control since incorporation, which may provide managerial continuity.
• The company benefits from micro-entity reporting exemptions, reducing administrative burden.

4. Due Diligence Notes:

• Investigate the reasons behind recurring net liabilities and the company's strategy for financial recovery or restructuring.
• Clarify the nature of the company's business activities given zero employees and minimal assets; verify if the company is operational or dormant in practice.
• Review any off-balance-sheet liabilities or contingent risks that could exacerbate financial stress.
• Confirm director’s plans and funding sources for addressing negative equity and liquidity shortfalls.
• Assess any related party transactions or loans that may not be reflected in the micro-entity accounts.