Company Number: 12928290

Analysis Date: 2025-07-29 14:44 UTC

1. Risk Rating: HIGH
   The company shows persistent and increasing negative net current assets and shareholders’ funds, indicating an ongoing deficit and potential insolvency risk. Cash balances are minimal relative to current liabilities, posing liquidity concerns. The absence of employees and limited financial data also raise questions about operational sustainability.

2. Key Concerns:

• Negative Working Capital: Net current liabilities increased from £6,358 to £9,982 over the last year, indicating worsening liquidity and difficulty meeting short-term obligations.
• Shareholders’ Deficit: Accumulated losses have deepened from £6,458 to £10,082, resulting in negative equity, which signals financial distress.
• No Employees & Limited Revenue Data: The company reports zero employees and does not disclose turnover figures, suggesting limited operational activity or scale, which may impair business viability.

3. Positive Indicators:

• Timely Compliance: The company has filed accounts and confirmation statements on time, showing regulatory compliance and good governance in reporting.
• Going Concern Statement: Directors indicate willingness to support the company, which may provide short-term financial backing.
• Active Website and Digital Presence: The company operates an active website and engages on social media platforms, indicating ongoing marketing efforts and potential customer engagement in the IT consultancy sector.

4. Due Diligence Notes:

• Investigate the nature and cause of continuing losses and negative net assets—review detailed income statement and cash flow data if available.
• Confirm the level of operational activity and revenue generation, including customer contracts and pipeline, given no employees and minimal cash.
• Assess directors’ plans and capacity to provide financial support or secure external funding to sustain going concern status.
• Review creditor composition and payment terms to understand short-term obligations and potential risks of default.
• Examine any contingent liabilities or off-balance-sheet commitments not disclosed in the accounts.