Company Number: 13952989

Analysis Date: 2025-07-20 14:49 UTC

1. Risk Rating: HIGH
   The company's net assets have declined into negative territory as of the latest accounts, indicating potential solvency issues. Current liabilities exceed current assets substantially, posing liquidity concerns.

2. Key Concerns:

• Negative net assets of £2,524 as of 29 March 2024, down from positive £812 previously.
• Current liabilities (£73,404) significantly exceed current assets (£36,394), resulting in negative net current assets (-£37,010). This signals potential difficulties meeting short-term obligations.
• Very limited scale of operations: only one employee, micro-entity status, and small fixed assets, which may constrain operational stability and growth prospects.

3. Positive Indicators:

• The company is up to date with statutory filings (accounts and confirmation statement) and not in liquidation or under any insolvency proceedings.
• Ownership and management appear stable with sole control by Robert Charles Swift, who is also the director.
• The company operates in a defined niche industry (building completion and finishing), which may provide some operational focus.

4. Due Diligence Notes:

• Investigate the causes of declining net assets and the negative working capital position — whether due to delayed payments, increased expenses, or other operational challenges.
• Review cash flow forecasts and any recent management accounts to assess liquidity and ongoing viability beyond the filed accounts.
• Understand the nature of creditors and any potential for renegotiation of terms or restructuring of liabilities.
• Verify if there have been any related party transactions or director loans impacting the financial position.
• Assess the long-term business plan and revenue generation capacity given the micro scale and limited asset base.