Company Number: 13908011

Analysis Date: 2025-07-19 12:13 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits negative net current assets and negative shareholders' funds as of the latest financial year, indicating potential insolvency risk. The micro-entity financial statements show limited assets and liabilities just above break-even, with accumulated losses reflected in equity. The ongoing negative working capital and minimal fixed assets raise concerns about the ability to meet short-term obligations.

2. Key Concerns:

• Negative net current assets (£-374) and negative shareholders' funds (£-389) as of 29 February 2024, indicating potential financial distress.
• Reliance on director funding or advances implied by low cash and limited assets, with no audit performed, limiting transparency on financial health.
• Multiple company name changes within a short period (three changes since incorporation) may suggest operational or strategic instability.

3. Positive Indicators:

• Company status is active with up-to-date filings and no overdue accounts or confirmation statements, indicating regulatory compliance thus far.
• Full ownership and control by a single director and PSC (Mr Leo Douglas Howson), which may facilitate swift decision-making.
• Micro-entity reporting reduces administrative burden, allowing focus on core business activities.

4. Due Diligence Notes:

• Investigate the nature and sustainability of the company’s cash flows and working capital management given the negative net current assets.
• Assess the reasons behind the successive company name changes to understand potential strategic shifts or reputational issues.
• Review director advances or intercompany loans disclosed off-balance sheet that may impact solvency.
• Obtain more detailed management accounts or forecasts to evaluate operational viability beyond the limited micro-entity filings.
• Confirm any contingent liabilities or commitments not reflected in the filed accounts.