Company Number: 13800623

Analysis Date: 2025-07-29 19:36 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns as evidenced by persistent negative net current assets and shareholders' funds. The net liabilities have increased from approximately -£25,450 in 2021 and 2022 to -£33,313 in 2023. This downward trend indicates the company is not currently in a financially stable position to meet its obligations without external support.

2. Key Concerns:

• Negative Net Assets and Working Capital: The company has negative net current assets and net liabilities for the past three years, indicating ongoing financial deficits.
• Reliance on Director Support: The going concern statement explicitly references dependence on the director/shareholder’s willingness to continue supporting the company, implying operational cash flow is insufficient on its own.
• Limited Operational Scale and Revenue Data: The company employs only one person and no turnover figures are disclosed, restricting insight into operational viability and revenue generation.

3. Positive Indicators:

• Current Filing Compliance: Accounts and confirmation statements are up to date with no overdue filings, indicating adherence to statutory requirements and governance standards.
• Single Controlling Shareholder/Director: Mr. Peter George Heslop holds full control, which may enable swift decision-making and continued financial backing.
• No Evidence of Insolvency Proceedings: The company is active with no indication of liquidation, administration, or receivership.

4. Due Diligence Notes:

• Cash Flow and Revenue Details: Obtain detailed turnover and cash flow statements to assess whether operational income can improve liquidity and reduce losses.
• Director’s Financial Support: Clarify the nature and extent of the director’s financial backing—whether loans, capital injections, or guarantees—and sustainability of this support.
• Future Business Plan and Market Position: Assess the company’s strategic plans, client base, and competitive position in the film processing industry (SIC 74203) to evaluate prospects for profitability and growth.