Company Number: 13660737

Analysis Date: 2025-07-20 17:50 UTC

1. Risk Rating: MEDIUM
   The company shows persistent net current liabilities and minimal cash reserves, indicating some liquidity risk. However, shareholders' funds remain positive, and there is no evidence of insolvency or overdue filings, suggesting moderate solvency.

2. Key Concerns:

• Negative net current assets: The company has had net current liabilities of £1,300 as of October 2023, showing difficulties covering short-term obligations from current assets.
• Low cash balances: Cash at bank decreased to £770 in 2023 from £1,414 in 2022, raising concerns about ongoing liquidity to fund operations and meet immediate obligations.
• Small scale and limited financial history: Incorporated in late 2021 with minimal financial data and only two employees, the company lacks an established track record which adds uncertainty regarding operational sustainability.

3. Positive Indicators:

• Shareholders’ funds remain positive and stable (£1,940 in 2023 vs. £1,918 in 2022), indicating some retained equity buffer.
• No overdue filings for accounts or confirmation statements suggests regulatory compliance and good governance discipline to date.
• Directors appear to have relevant experience (builder and administrator), potentially supporting operational capability in property management.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities to assess risk of default or creditor pressure.
• Review turnover and profitability details not disclosed in the filings to understand operational viability and cash flow generation.
• Clarify the business model and client contracts to confirm revenue stability and sustainability in the real estate management sector.
• Verify absence of contingent liabilities or off-balance sheet exposures that could impact solvency.
• Confirm director backgrounds and check for any undisclosed regulatory or legal issues.