Company Number: 12923673

Analysis Date: 2025-07-20 14:10 UTC

1. Risk Rating: HIGH
   The company shows a significant decline in net assets, moving from positive £9,222 in 2023 to negative £886 in 2024. Current liabilities exceed current assets resulting in negative net current assets, suggesting liquidity constraints. The balance sheet reflects a net liability position, indicating solvency concerns.

2. Key Concerns:

• Negative Net Assets: The company’s net assets have turned negative, which is a clear indicator of financial distress and potential insolvency risk.
• Liquidity Shortfall: Current liabilities (£32,503) surpass current assets (£18,723) by a considerable margin, indicating potential difficulty meeting short-term obligations.
• No Employees: The company reports zero employees, which may indicate limited operational capacity or reliance on contractors/volunteers. This raises concerns about sustainable operations and revenue generation.

3. Positive Indicators:

• Timely Filing: The company is current with its accounts and confirmation statement filings, demonstrating regulatory compliance and good governance in this regard.
• Established Presence: Active status since 2020 and a maintained digital presence with an active website and social media channels suggest ongoing business activity.
• Limited Fixed Assets: Although fixed assets decreased from £56,440 to £43,897, the company does hold tangible assets that could potentially be leveraged.

4. Due Diligence Notes:

• Review detailed cash flow statements and income statements (not provided here) to assess operational cash generation and sources of liquidity.
• Investigate the nature of the creditors and the terms of the liabilities, especially the £31,003 due after more than one year, to understand refinancing or repayment risk.
• Clarify the business model and revenue streams given the absence of employees and the nature of activities under SIC 60100 (radio broadcasting).
• Verify whether the company has received any external funding or guarantees, given the negative equity position.
• Assess the directors’ plans to restore solvency or whether there is an imminent risk of insolvency proceedings.