Company Number: 13643515

Analysis Date: 2025-07-29 18:45 UTC

1. Risk Rating: HIGH
   The company is currently insolvent with negative shareholders' funds of £851 as at 30 September 2023, worsening from a positive £26 the prior year. Net current liabilities have increased significantly, indicating inability to cover short-term debts with current assets. Reliance on director support to continue operations is explicitly noted.

2. Key Concerns:

• Solvency Risk: The balance sheet shows net liabilities and negative shareholders’ funds, indicating insolvency and potential inability to meet obligations without external support.
• Liquidity Issues: Current liabilities of £1,227 exceed current assets of £153, resulting in a net current liability position of £1,074, a significant liquidity strain.
• Dependence on Director Support: The accounts note that the company’s going concern status depends on ongoing support from its director and creditors, which poses risk if such support ceases.

3. Positive Indicators:

• No Overdue Filings: The company’s accounts and confirmation statements are up to date, showing compliance with filing requirements.
• Active Status: The company is active and operational with a single employee (the director), suggesting some ongoing business activity.
• Micro Entity Filing: The company benefits from simplified reporting requirements, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and extent of director and creditor support—e.g., loans or guarantees—to understand sustainability of operations.
• Review cash flow statements or management accounts (if available) to assess current liquidity and operational cash generation.
• Confirm whether there are any contingent liabilities or overdue payments to suppliers that could exacerbate financial stress.
• Understand business model and revenue streams in the property maintenance sector under SIC codes 82990/43390 to evaluate operational viability.
• Verify that no director disqualifications or regulatory compliance issues exist beyond filings.