Company Number: 13021155

Analysis Date: 2025-07-20 18:35 UTC

1. Risk Rating: HIGH
   The company shows significant negative net current assets and net liabilities of £16,854 as of the latest financial year end, indicating insolvency concerns despite being dormant. The consistent negative equity position over multiple years signals solvency risk.

2. Key Concerns:

• Negative Net Assets and Working Capital: The accounts consistently report net current liabilities of £16,854 and net assets of -£16,854, implying the company owes more than it owns.
• Dormant Status Despite Liabilities: The company files dormant accounts but carries substantial creditors, suggesting possible non-trading status masking underlying financial issues.
• Minimal Share Capital and Small Scale: With only £200 share capital and one employee, the business scale is minimal, raising questions about operational viability and capacity to meet obligations.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date and not overdue, indicating regulatory compliance in filing.
• Active Company Status: The company remains active and not in liquidation or administration, which may provide some operational continuity.
• Single Director with No Disqualification Records: The sole director appears current with no publicly known misconduct or disqualification records.

4. Due Diligence Notes:

• Investigate the nature and terms of the £16,975 creditors, including whether these are related party loans or trade creditors and their repayment status.
• Confirm the reason for dormant filing despite significant liabilities and whether the company is truly non-trading or has unreported activity.
• Assess the business plan or funding sources that might address the negative equity and enable sustainable operations.
• Review director’s declarations and any contingent liabilities or off-balance sheet commitments.
• Examine any correspondence with Companies House or HMRC for notices or compliance issues.