Company Number: 13556104

Analysis Date: 2025-07-20 14:50 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to its volatile financial position over recent years, very limited current asset base, minimal cash holdings, and absence of employees. The negative net assets in the prior year and the very small scale of operations increase concerns about its ability to meet obligations and sustain operations.

2. Key Concerns:

• Solvency and Net Asset Volatility: The company reported negative net assets (£-4,831) in 2023 but improved to a marginally positive net asset position (£408) in 2024. This suggests past solvency issues and ongoing fragility.
• Liquidity Constraints: Cash at bank is extremely low (£97 in 2024), and current assets are minimal (£881), which may impair the company’s ability to cover short-term liabilities (£473). The working capital buffer is very thin.
• Operational Scale and Sustainability: The company has no employees and very small financial scale, indicating limited operational capacity and potential challenges in generating sustainable revenue streams.

3. Positive Indicators:

• Current Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue notices, reflecting sound regulatory compliance and governance discipline.
• Improved Financial Position in 2024: The turnaround from significant negative net assets in 2023 to a positive albeit small net asset position in 2024 suggests some recovery or capital injection.
• Clear Ownership and Control: The company has clearly identified persons with significant control and a single active director, which simplifies governance and decision-making.

4. Due Diligence Notes:

• Investigate the nature and collectability of the £784 debtors recorded in 2024, especially since they represent the bulk of current assets and are critical to liquidity.
• Review cash flow statements or management accounts (if available) to assess ongoing cash generation and operational viability.
• Clarify the company’s business model and revenue sources given the absence of employees and very low asset base.
• Confirm any off-balance sheet liabilities or contingent risks not reflected in the accounts.
• Assess background and experience of directors and PSCs to ensure competent management.