Company Number: 14499073

Analysis Date: 2025-07-20 16:57 UTC

1. Risk Rating: HIGH
   The company shows significant solvency issues with net liabilities of £1,860 and negative working capital, despite being a micro-entity with minimal operational history. The absence of employees and minimal current assets raise concerns about liquidity and operational capability.

2. Key Concerns:

• Negative net current assets (£-1,860) indicate inability to cover short-term liabilities, pointing to liquidity risk.
• No employees reported and minimal current assets (£12) suggest limited or no trading activity, raising questions about operational sustainability.
• The company was incorporated recently (Nov 2022) and carries net liabilities in its first financial year, which could indicate start-up losses or initial funding challenges.

3. Positive Indicators:

• No overdue filings for accounts or confirmation statements, indicating compliance with statutory filing requirements.
• Clear ownership and control structure, with a single director and 75-100% ownership by Mrs Treina Ital Reichman, simplifying governance oversight.
• The company operates in a defined niche (repair of household appliances), which may have market demand if properly capitalized.

4. Due Diligence Notes:

• Investigate the nature of the company’s liabilities and plans to address negative net assets and working capital deficits.
• Clarify the company’s business model and operational activity given the absence of employees and minimal current assets.
• Review director’s plans for funding, trading commencement, or restructuring to improve financial position.
• Confirm no undisclosed related-party transactions or contingent liabilities.
• Assess any external financing arrangements or guarantees supporting liquidity.