Company Number: 13879192

Analysis Date: 2025-07-20 13:39 UTC

1. Risk Rating: HIGH
   The company shows a net liability position and negative shareholders funds for the latest financial year, indicating solvency concerns. Additionally, the absence of employees and minimal current assets suggest limited operational activity and potential liquidity constraints.

2. Key Concerns:

• Negative net assets: The balance sheet at 31 January 2024 shows net liabilities of £241, reflecting that total liabilities exceed assets, which is a significant solvency red flag.
• Creditors due after more than one year recorded as £4,022, which appears to be understated or misclassified given the micro-entity scale, raising questions about the accuracy of liabilities reporting.
• No employees and minimal current assets (£3,781) with current liabilities at £4,022 suggest limited operational capacity and potential cash flow or liquidity difficulties.

3. Positive Indicators:

• The company is current with all statutory filings (accounts and confirmation statements), indicating compliance with Companies House requirements.
• Ownership and control are clearly identified with a single individual holding full control, which can simplify governance and decision-making.
• The company is classified as a micro-entity, so reporting requirements are minimal, and the accounts comply with relevant micro-entity provisions.

4. Due Diligence Notes:

• Investigate the nature and validity of the £4,022 creditors falling due after more than one year, as this figure conflicts with the reported current liabilities and raises questions about classification or completeness.
• Review cash flow statements or bank statements (if available) to assess liquidity beyond the balance sheet snapshot, since current assets are low and operational activity appears minimal.
• Clarify business operations and revenue generation plans given the lack of employees and nominal asset base, to understand sustainability and future prospects.
• Confirm no contingent liabilities or related party transactions that could exacerbate financial risks.
• Assess director background and financial support, especially given sole control by one individual, to understand potential for financial backing or risk mitigation.