Company Number: 13785951

Analysis Date: 2025-07-20 16:47 UTC

1. Risk Rating: HIGH
   Justification: The company shows negative net assets and net current liabilities as of the latest financial year, indicating solvency concerns. The shareholders' funds have declined to a negative position (-£1,104), and the company’s current liabilities exceed its fixed assets, suggesting potential difficulties in meeting short-term obligations.

2. Key Concerns:

• Solvency Risk: The total assets less current liabilities are negative (-£1,004), which indicates the company’s liabilities exceed its assets, posing a risk to its ability to meet debts.
• Liquidity Issues: The net current assets are negative (-£22,074), showing that current liabilities exceed current assets, which could lead to cash flow problems in the short term.
• Operational Stability: The company has only two employees, limited capital (£100 share capital), and has not filed audited accounts, which limits transparency and may raise concerns about operational scale and sustainability.

3. Positive Indicators:

• Compliance: The company is up to date with its accounts and confirmation statement filings, with no overdue filings, indicating regulatory compliance.
• Ownership and Governance: Directors and Persons with Significant Control have clear records and no noted disqualifications, suggesting stable governance with no immediate red flags.
• Asset Base: Although limited, the company holds tangible fixed assets valued at approximately £21,000, which could provide some collateral value.

4. Due Diligence Notes:

• Investigate the nature and liquidity of fixed assets to assess if they can be readily converted to cash if required.
• Review underlying business activities and cash flow projections to evaluate the company’s ability to improve liquidity and solvency positions.
• Examine any off-balance-sheet liabilities or contingent liabilities not reflected in the abridged accounts.
• Clarify the business model and revenue streams given the SIC codes indicating amusement activities and holding company functions.
• Confirm absence of any director misconduct or regulatory issues beyond publicly available data.