Company Number: 13667999

Analysis Date: 2025-07-19 12:24 UTC

1. Risk Rating: HIGH
   The company shows significant negative net current assets and net liabilities, indicating immediate solvency and liquidity concerns despite being active and current on filings. The absence of employees and very low current assets further amplify operational risks.

2. Key Concerns:

• Negative Working Capital: As of 31 October 2023, the company reported current liabilities (£2,615) greatly exceeding current assets (£15), resulting in net current liabilities of £2,600 and overall negative net assets. This signals an inability to meet short-term obligations from available liquid assets.
• No Employees and Minimal Asset Base: The company has no employees and minimal current assets, which raises questions about operational sustainability and capacity to generate revenue or service liabilities.
• Small Scale and Early Stage: Incorporated in October 2021, the company is relatively new with micro-entity status and limited financial information. The lack of growth or improvement in asset/liability figures over two years suggests operational or financial challenges.

3. Positive Indicators:

• Compliance with Filings: The company is up-to-date with both accounts and confirmation statement filings, with no overdue returns or accounts, reflecting adherence to regulatory requirements.
• Single Controlling Person: Ownership and control are consolidated under one director (Kevin Burton Forrest), potentially allowing for swift decision-making and governance clarity.
• Active Website and Contact Details: An active website and published contact information indicate an operational presence and transparency in customer engagement.

4. Due Diligence Notes:

• Investigate the nature and timing of the company’s liabilities to understand their origin and repayment plans.
• Clarify the company’s business model and revenue streams given the absence of employees and minimal assets.
• Review any off-balance-sheet obligations or contingent liabilities not captured in micro-entity accounts.
• Assess cash flow statements or bank statements (if available) to determine liquidity beyond the balance sheet snapshot.
• Verify the director’s background and any past conduct or insolvency records to gauge governance risk.
• Examine customer contracts or pipeline to evaluate prospects for improving financial stability.