Company Number: 12478956

Analysis Date: 2025-07-29 20:34 UTC

1. Risk Rating: HIGH
   The company exhibits significant and worsening negative net assets and net current assets over the past years, indicating severe solvency and liquidity risks. The current liabilities far exceed current assets, and shareholders' funds are deeply negative, raising concerns about the company's ability to meet its obligations.

2. Key Concerns:

• Persistent and increasing net current liabilities (from -£7,827 in 2020 to -£13,997 in 2024) show chronic liquidity shortfall.
• Negative shareholders’ funds deteriorating from -£727 in 2020 to -£8,655 in 2024 indicate ongoing losses and insufficient capital buffer.
• No employees reported, which may imply operational limitations or reliance on contractors, potentially affecting business sustainability.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, suggesting regulatory compliance and governance diligence.
• The company maintains tangible fixed assets, albeit declining, which may provide some collateral value.
• The business has an active website and appears to operate in a niche service sector (roofing/leak detection), potentially offering specialized revenue streams.

4. Due Diligence Notes:

• Investigate the nature and terms of the significant current liabilities (£14k+) to assess exposure to creditors and any imminent repayment pressures.
• Review management plans or restructuring strategies to address ongoing losses and improve liquidity.
• Confirm the operational model given zero employees reported—assess reliance on subcontractors or external service providers.
• Verify the identity and involvement of persons with significant control, particularly given the negative equity and potential need for capital injections.
• Examine cash flow statements if available to better understand cash generation or burn patterns.