Company Number: 14563139

Analysis Date: 2025-07-29 18:26 UTC

1. Risk Rating: HIGH
   The company shows significant solvency concerns with net liabilities of £218 as of 31 December 2023, indicating that current liabilities exceed current assets. This is a key red flag, especially for a micro-entity that has been operational for just over one year.

2. Key Concerns:

• Negative net current assets (-£218) suggest immediate liquidity risk and potential inability to meet short-term obligations.
• No employees and minimal reported assets (£2) raise questions about operational sustainability and business activity.
• Very limited financial history and micro-entity status restrict transparency; lack of audit or detailed financial disclosures limits assessment of financial health.

3. Positive Indicators:

• The company is current with both accounts and confirmation statement filings, showing compliance with statutory filing requirements.
• Directors appear stable with no known disqualifications or adverse governance flags.
• Both significant controllers hold balanced share and voting control, suggesting aligned ownership and governance structure.

4. Due Diligence Notes:

• Investigate the nature of the £220 current liabilities and whether there are repayment plans or creditor negotiations underway.
• Review cash flow forecasts or bank statements to assess working capital management and liquidity position in detail.
• Confirm actual business activity to date, revenue generation, and any contracts or pipeline that support future sustainability.
• Clarify whether there are any off-balance sheet liabilities or contingent risks not reflected in micro-entity accounts.
• Understand directors’ plans for recapitalization or financial restructuring given the negative net assets position.