Company Number: 13174419

Analysis Date: 2025-07-29 16:58 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities and substantial creditor obligations exceeding current assets. Negative shareholders’ funds and persistent net current liabilities indicate a weak financial position.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: The company reported net liabilities of £4,782 for 2024, an improvement from £6,113 in 2023 but still negative, indicating insolvency on a balance sheet basis.
• Substantial Current and Long-Term Liabilities: Current liabilities exceed current assets by approximately £165k, and total creditors including amounts falling due after more than one year exceed £503k, highlighting high leverage and potential liquidity stress.
• No Employees and Limited Operational Activity: The company has no employees and minimal current assets, suggesting limited ongoing operational activity or cash generation capability.

3. Positive Indicators:

• Stable Fixed Assets Base: Fixed assets remain consistent at £664,491, presumably property assets, which may provide collateral value.
• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time with no overdue filings, indicating regulatory compliance and good governance in this respect.
• Ownership and Control Transparency: A single person with significant control is clearly identified, which may assist in decision-making and restructuring efforts if required.

4. Due Diligence Notes:

• Investigate the nature and terms of the substantial creditor balances, particularly amounts falling after more than one year, to assess repayment obligations and refinancing options.
• Review the company's cash flow statements and any off-balance-sheet liabilities to understand liquidity risks more fully, as current data is limited to balance sheet information.
• Examine whether the fixed assets are encumbered by charges or mortgages and their realizable value under distress scenarios.
• Clarify the operational strategy given no employees and very low current assets, to determine sustainability and future revenue prospects.