Company Number: 14193073

Analysis Date: 2025-07-20 18:38 UTC

1. Risk Rating: MEDIUM
   Justification: The company shows low net assets (£479) with current liabilities exceeding current assets, indicating short-term liquidity pressure. However, it remains active with no overdue filings and a stable small workforce, suggesting ongoing operations.

2. Key Concerns:

• Negative net current assets: Current liabilities (£22,007) substantially exceed current assets (£1,748), implying potential liquidity difficulties in meeting short-term obligations.
• Very low net assets and shareholders' funds (£479), which may restrict financial flexibility and resilience against unexpected expenses or downturns.
• Declining fixed assets from £13,003 in 2023 to £9,618 in 2024, possibly signaling asset disposals or reduced investment in business infrastructure.

3. Positive Indicators:

• The company is current with all statutory filings (accounts and confirmation statement), showing compliance with regulatory requirements.
• Maintains an active status with a consistent single employee, indicating operational continuity.
• The business operates in well-established service sectors (fitness facilities and other human health activities) which may provide steady demand.

4. Due Diligence Notes:

• Investigate the nature of the high current liabilities and reasons for negative net working capital; assess whether these are trade payables, accrued expenses, or loans.
• Review cash flow statements (if available) or bank statements to evaluate liquidity management and the company’s ability to generate cash.
• Clarify the reason behind the reduction in fixed assets to understand if it relates to asset sales or depreciation impacting operational capacity.
• Verify the impact, if any, of the recent company name change on business strategy or ownership structure.
• Confirm the director’s background (R Green) for any previous conduct issues or financial difficulties.