Company Number: 14688540

Analysis Date: 2025-07-29 15:04 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks, evidenced by persistent negative net assets and working capital deficits over consecutive years since incorporation.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s net assets stand at -£2,605 as of the 2025 year-end, worsening from -£1,829 in prior years, indicating liabilities exceed assets and potential insolvency risk.
• Liquidity Shortfall: Current liabilities (£3,895) substantially exceed current assets (£781) resulting in a negative net current assets (working capital) of -£3,114, raising concerns about the company’s ability to meet short-term obligations.
• Lack of Operational Scale or Diversification: The company is micro in size with only one employee (the director), minimal fixed assets, and no indication of revenues or profitability, making it vulnerable to operational disruptions and financial stress.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating adherence to regulatory requirements.
• Clear Ownership and Control: Single identified person with full control (Mr. Oliver Marshall), which may allow for streamlined decision-making.
• Exemption from Audit: As a micro-entity, the company benefits from simplified reporting obligations reducing administrative burden.

4. Due Diligence Notes:

• Cash Flow and Revenue Generation: Investigate actual turnover, revenue streams, and cash flow statements as these are not disclosed but critical to assess ongoing viability.
• Director’s Financial Support: Determine if the director or related parties have provided loans or capital injections to support the company’s negative equity position.
• Business Model and Market Position: Clarify the operational model, customer base, and growth prospects in the retail via mail order/internet sector (SIC 47910) to assess sustainability and competitive position.
• Potential Contingent Liabilities: Scrutinize any off-balance sheet liabilities or pending obligations that may exacerbate financial stress.
• Future Plans: Assess any restructuring, capital raising, or strategic initiatives planned to address the negative equity and liquidity concerns.