Company Number: 13555812

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks, with persistent negative net current assets and shareholders' funds over multiple years, combined with extremely low cash balances and no operating employees.

2. Key Concerns:

• Negative Equity and Working Capital: Net current liabilities of £2,387 (2024) and shareholders’ funds of -£2,387 indicate the company’s liabilities exceed assets, suggesting financial distress.
• Minimal Cash Reserves: Cash on hand is nominal (£5 in 2024), raising serious concerns about the company's ability to meet immediate obligations.
• Dormant Status and No Employees: The company is classified as dormant, with zero employees and no trading activity, suggesting no ongoing revenue generation or operational sustainability.

3. Positive Indicators:

• Compliance with Filings: Annual accounts and confirmation statements are filed on time, indicating regulatory compliance and good governance in administrative matters.
• Sole Director and PSC Transparency: The single director and person with significant control is clearly identified, which simplifies accountability and oversight.
• No Indications of Insolvency Proceedings: The company is active and not subject to liquidation, administration, or receivership, implying no formal insolvency actions currently.

4. Due Diligence Notes:

• Verify the Nature and Purpose: Confirm if the company is truly dormant or if it intends to commence trading, as the financial position reflects a lack of operations.
• Director’s Financial Support: Investigate the nature of loans from directors (£2,392 in 2024) and whether these are sustainable or convertible to equity.
• Future Funding Plans: Assess whether there are any plans or commitments for capital injection or restructuring to address the negative net assets and working capital deficits.
• Review Potential Contingent Liabilities: Check for any off-balance sheet liabilities or guarantees that could exacerbate financial risk.