Company Number: 12534782

Analysis Date: 2025-07-20 12:53 UTC

1. Risk Rating: HIGH
   The company exhibits clear signs of financial distress as of the latest accounts. It has net current liabilities of £90 and negative net assets of the same amount, indicating insolvency on a balance-sheet basis. The small scale and micro-entity classification limit detailed financial disclosures, but the available data suggest solvency and liquidity risks.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s current liabilities exceed current assets by £90, which raises immediate concerns about its ability to meet short-term obligations.
• No Employees and Minimal Share Capital: With no employees reported and share capital of only £10, the company’s operational capacity and financial buffer appear minimal.
• Lack of Positive Equity and Declining Financial Position: The net assets have declined from £11 in 2023 to negative £90 in 2024, indicating recent losses or creditor claims eroding equity.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date on accounts and confirmation statement filings, which suggests it is meeting statutory obligations without delay.
• Active Status and No Indication of Insolvency Procedures: The company remains active and is not currently in liquidation or administration.

4. Due Diligence Notes:

• Investigate Causes of Negative Net Assets: Review detailed financial notes (if available) to determine the nature of liabilities causing the deficit.
• Assess Cash Flow and Creditor Relations: Since current liabilities exceed current assets, further inquiry into payment terms, creditor pressure, and cash flow projections is essential.
• Review Business Model Sustainability: Given the company’s micro scale, no employees, and classification in sport club activities, understanding revenue generation and operational plans is critical.
• Director Background and Related Party Transactions: Confirm if the director’s role includes financial support or guarantees and check for any related party transactions or loans.