Company Number: 14649735

Analysis Date: 2025-07-20 13:40 UTC

1. Risk Rating: HIGH
   The company shows a critically low net asset position (£3) despite positive net current assets, indicating significant long-term liabilities and very thin equity. This suggests solvency risk and potential financial instability.

2. Key Concerns:

• Extremely low net assets and shareholder funds (£3) which is negligible relative to current assets and liabilities.
• Presence of significant creditors falling due after one year (£29,504) and large accruals/deferred income (£57,543) that are not fully supported by equity.
• Very recent incorporation (Feb 2023) with only one short financial period reported limits historical performance data and increases uncertainty.

3. Positive Indicators:

• Positive net current assets (£87,050) indicate the company can meet short-term liabilities.
• No overdue filings or compliance issues detected; accounts and confirmation statements are up to date.
• The company operates in management consultancy (SIC 70229), a sector with relatively low capital intensity and potentially scalable operations.

4. Due Diligence Notes:

• Investigate the nature and terms of creditors and deferred income to assess liquidity risks and cash flow timing.
• Clarify the reason for the very low net asset figure despite apparent working capital surplus.
• Review director backgrounds and related party transactions given the involvement of three corporate PSCs holding substantial shares.
• Obtain management commentary or forecasts to understand operational sustainability and business model viability.
• Confirm absence of contingent liabilities or off-balance sheet risks that could impact solvency.