Company Number: 13112056

Analysis Date: 2025-07-20 11:41 UTC

1. Risk Rating: HIGH
   The company demonstrates significant negative net assets and net current liabilities, worsening year-on-year, indicating severe solvency and liquidity concerns. The absence of employees and minimal fixed assets further suggests limited operational activity or capacity.

2. Key Concerns:

• Persistent and increasing net liabilities: Net assets declined from -£2,933 in 2021 to -£11,494 in 2024, highlighting ongoing financial deterioration and potential insolvency risk.
• Negative working capital: Current liabilities exceed current assets by £11,760 as of the latest accounts, indicating inability to meet short-term obligations.
• Lack of operational scale or revenue evidence: No recorded employees, zero current assets in the latest year, and minimal share capital (£1) raise questions about the business’s operational viability and sustainability.

3. Positive Indicators:

• Compliance with filing obligations: Accounts and confirmation statement filings are up to date with no overdue status, reflecting sound regulatory compliance.
• Director information is transparent, with no adverse regulatory records or disqualifications noted.
• Use of micro-entity reporting framework suggests the company is small, which may limit complexity and regulatory burden.

4. Due Diligence Notes:

• Investigate the nature of the company’s business activities given SIC code 96090 (“Other service activities not elsewhere classified”) and no employees reported, to assess whether it is dormant or operational.
• Understand the cause of persistent losses and negative net assets, including reviewing any off-balance sheet liabilities or contingent risks.
• Confirm cash flow status and creditor relationships, especially given the increasing current liabilities and absence of current assets in the latest year.
• Clarify director’s intentions and plans for the company’s future viability or restructuring given the deteriorating financial position.