Company Number: 14555329

Analysis Date: 2025-07-20 11:36 UTC

1. Risk Rating: HIGH
   Given the company’s very recent incorporation (December 2022) and its minimal net assets (£135), coupled with current liabilities nearly equaling current assets (£12,213 vs £12,348), there is a high risk concerning solvency and liquidity. The lack of an income statement or profit and loss data (not filed due to exemption) restricts assessment of operational performance, reinforcing a cautious stance.

2. Key Concerns:

• Solvency and Working Capital: The company’s net current assets are marginal (£135), indicating very limited buffer to meet short-term obligations. The proximity of current liabilities to current assets raises concerns about ability to sustain operations without additional capital or cash inflows.
• Limited Financial History and Transparency: As a newly formed company with only one year’s unaudited accounts and no profit and loss statement filed, there is insufficient financial track record to evaluate business viability or profitability.
• Single Director and Shareholder Control: Complete control by one individual (Mr. Przemyslaw Giel) concentrates governance risk. There are no indications of additional management or oversight, which may limit operational stability and corporate governance robustness.

3. Positive Indicators:

• Compliance with Filings: The company is current with both accounts and confirmation statement filings, showing adherence to statutory requirements.
• Minimal Overdue Liabilities: The current liabilities reported do not appear to be overdue or in dispute, suggesting no immediate creditor distress signals.
• Clear Accounting Policies: The notes to accounts indicate the company applies appropriate UK accounting standards (FRS 102) and complies with Companies Act 2006, which supports reliability of reported figures.

4. Due Diligence Notes:

• Investigate the nature and collectability of the £10,700 trade debtors to assess real liquidity.
• Obtain management accounts or cash flow forecasts to evaluate operational sustainability and planned strategies for addressing the tight working capital position.
• Review director’s background for experience and capacity to manage the company effectively, given sole control.
• Confirm if there are any off-balance sheet liabilities or contingent obligations not disclosed.
• Clarify the business model and revenue streams, as no income statement was filed to understand profitability or growth potential.