Company Number: 15238354

Analysis Date: 2025-07-29 12:27 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated with minimal operating history and presents net current liabilities, indicating short-term liquidity challenges. The net assets are positive but very low (£142), suggesting a fragile capital base.

2. Key Concerns:

• Negative Working Capital: Current liabilities (£5,412) exceed current assets (£3,385) by £1,864, indicating potential difficulty meeting short-term obligations.
• Very Low Net Assets/Equity: Net assets of only £142 highlight limited financial buffer to absorb losses or support growth.
• Start-Up Status and Limited Operating History: Incorporated in late 2023 with only one employee and micro-entity accounts; lack of financial track record increases uncertainty regarding operational sustainability.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statement up to date, indicating compliance with statutory obligations.
• Single Controlling Shareholder/Director: Ownership and management are unified under one individual (Rebecca James), which can facilitate decisive governance.
• Micro-Entity Status: Low operational scale limits complexity and reporting burden, which may be appropriate for initial business phase.

4. Due Diligence Notes:

• Review cash flow forecasts and bank statements to assess liquidity management given negative working capital.
• Investigate business plan and contracts to evaluate revenue generation prospects and operational sustainability.
• Confirm any contingent liabilities or off-balance sheet obligations not disclosed in micro-entity accounts.
• Assess director’s experience and capacity to grow and manage the business successfully.
• Monitor subsequent filings for improvements in financial position and operational scale.