Company Number: 13437403

Analysis Date: 2025-07-20 16:38 UTC

1. Risk Rating: MEDIUM
   The company shows a low asset base with only fixed assets and no current assets or liabilities. Absence of current assets and employees raises concerns regarding liquidity and operational capacity. However, compliance with filing deadlines and no overdue returns are positive governance indicators.

2. Key Concerns:

• Liquidity Risk: Zero current assets and zero current liabilities indicate no working capital; the company may face challenges meeting short-term obligations if any arise.
• Operational Activity: No reported employees and minimal asset base suggest limited or no active trading operations, raising questions about business sustainability.
• Declining Fixed Assets: Fixed assets have decreased from £26,850 in 2023 to £23,550 in 2024, which might indicate asset disposals or depreciation outpacing reinvestment.

3. Positive Indicators:

• Regulatory Compliance: Accounts and confirmation statement filings are up to date with no overdue submissions or penalties.
• Net Assets Positive: The company maintains positive net assets and shareholders’ funds (£23,550), signifying no accumulated losses or insolvency signs reported.
• Sole Director Stability: The sole director has been in place since incorporation with no adverse public records indicating director misconduct.

4. Due Diligence Notes:

• Confirm whether the company is currently trading and generating revenue given absence of employees and current assets.
• Investigate the nature and valuation basis of fixed assets and the reason for their decline year-over-year.
• Review cash flow statements or bank records if available to assess liquidity beyond balance sheet snapshot.
• Assess any off-balance sheet liabilities or contingent liabilities not visible in micro-entity accounts.
• Verify whether the company relies on director or related-party funding to maintain operations.