Company Number: 13482664

Analysis Date: 2025-07-20 19:14 UTC

1. Risk Rating: HIGH
   Justification: The company is classified as dormant and shows consistent negative net assets (£-3,129) with current liabilities exceeding current assets, indicating a solvency concern. The absence of trading or revenue data alongside negative shareholders’ funds raises significant financial stability risks.

2. Key Concerns:

• Negative Net Assets: The company’s balance sheet shows net liabilities of £3,129, which implies insolvency from an accounting perspective.
• Dormant Status with Liabilities: Although the company is dormant, it carries current liabilities (£14,725) that exceed its liquid assets (cash and debtors total £10,529), indicating potential liquidity issues if the company were to trade or be required to settle debts.
• Limited Operational Activity: The company is classified as dormant with no turnover disclosed, signaling no active business operations or revenue generation, which questions sustainability.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with its accounts and confirmation statement filings, with no overdue returns or accounts.
• Low Fixed Asset Base: The company’s fixed assets are minimal (£1,067), reducing risk of asset impairment or depreciation impacting solvency further.
• Controlled Ownership: Both directors are also significant shareholders with equal control, which may facilitate swift decision-making if operational changes are needed.

4. Due Diligence Notes:

• Confirm the nature and timing of the company’s dormant status and any plans for activation or winding down.
• Investigate the composition and maturity of current liabilities to assess imminent cash outflows and creditor pressure.
• Review director intentions and any related party transactions given the directors’ dual roles and the company’s financial position.
• Validate the absence of trading activity and verify any contingent liabilities or off-balance sheet obligations.
• Assess the long-term strategic outlook and any plans to restore profitability or capital injection.