Company Number: 14937939

Analysis Date: 2025-07-29 13:06 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks, with net current liabilities of £24,603 and overall net liabilities of £13,724 at the first reporting date. The absence of employees and minimal current assets raise concerns about operational sustainability.

2. Key Concerns:

• Negative net assets and working capital indicate the company is currently insolvent and may struggle to meet short-term obligations.
• No employees and very low current assets (£180) suggest limited operational activity or revenue generation capability.
• The company was incorporated recently (June 2023) and has already undergone a name change within the first year, which may indicate business model adjustments or instability.

3. Positive Indicators:

• The company is fully owned and controlled by a single director who is actively involved, potentially allowing swift decision-making.
• All statutory filings to date (accounts and confirmation statements) are up to date with no overdue submissions, indicating compliance with regulatory requirements.
• The company benefits from micro-entity reporting simplifications, reducing administrative burdens during early establishment.

4. Due Diligence Notes:

• Investigate the nature and origin of the current liabilities totaling £24,783 to assess creditor relationships and payment terms.
• Obtain management accounts or cash flow forecasts to understand how the company plans to address its negative net assets and fund operations going forward.
• Clarify the business model and revenue streams given the lack of employees and minimal current assets to assess operational viability.
• Review any related party transactions or director loans that might have funded the initial operations.
• Confirm whether there are any contingent liabilities or pending obligations not reflected in the accounts.