Company Number: 14403305

Analysis Date: 2025-07-20 11:04 UTC

1. Risk Rating: MEDIUM
   The company shows recent positive movement from net liabilities to net assets, indicating some recovery. However, persistent net current liabilities and significant long-term creditors pose a solvency risk. The absence of employees and limited operational data adds uncertainty to sustainability.

2. Key Concerns:

• Negative net current assets in 2024 (–£363) indicate liquidity constraints, with current liabilities nearly matching current assets.
• High long-term creditors (£186k) relative to net assets suggest potential solvency issues if cash flows do not improve.
• No employees and minimal operational disclosures raise questions about ongoing business activity and revenue generation capacity.

3. Positive Indicators:

• Improvement in net assets from –£14,834 in 2023 to £5,144 in 2024 shows some financial strengthening.
• Fixed assets increased modestly, reflecting possible investment or asset accumulation.
• Compliance appears current with no overdue filings or accounts, indicating good regulatory governance.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors to assess repayment risk and impact on cash flow.
• Review the company’s revenue streams, business model, and contracts given zero employees reported, to understand operational viability.
• Confirm the accuracy and completeness of financial data, given micro-entity filing exemptions and unaudited accounts.
• Examine any related party transactions or director loans that may affect financial position or liquidity.