Company Number: 15055560

Analysis Date: 2025-07-20 13:22 UTC

1. Risk Rating: HIGH
   The company shows negative net current assets and net liabilities, indicating immediate solvency concerns. Moreover, the company is newly incorporated with minimal financial history and no employees, raising questions about operational stability.

2. Key Concerns:

• Negative Net Current Assets (-£652): Current liabilities exceed current assets, suggesting potential difficulty meeting short-term obligations.
• Negative Net Assets (-£651): Overall liabilities exceed assets, implying insolvency on a balance sheet basis at the reporting date.
• No Employees and Zero Fixed Assets: The absence of staff and capital assets may indicate limited operational capacity or that the business is at a very early or dormant stage.

3. Positive Indicators:

• Timely Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue submissions.
• Clear Ownership and Control: A single director and 75-100% shareholder (Mr. Peter James Mahoney) provides unified control, which can facilitate decision-making.
• Micro-entity Filing Status: Reduced reporting requirements imply a small scale that can be easier to manage and monitor.

4. Due Diligence Notes:

• Investigate the nature of the current liabilities (£18,491) and the company's plan to address these obligations given the low current assets.
• Verify the absence of trading activity or revenue generation since incorporation, especially given zero employees and fixed assets.
• Confirm the source of financing or shareholder support since the negative net assets suggest reliance on director or external funding.
• Review any contingent liabilities or off-balance sheet commitments not reflected in current filings.
• Assess the business model and operational plans to understand sustainability prospects in the used car sales sector (SIC 45112).