Company Number: 13363160

Analysis Date: 2025-07-20 18:25 UTC

1. Risk Rating: HIGH
   The company’s financials as of 30 April 2024 indicate significant solvency risks due to negative net current assets and net liabilities, a drastic deterioration compared to previous years. This raises serious concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Negative Net Current Assets and Net Liabilities: Current liabilities of £102,570 exceed current assets of £6,804 by £95,766 as of 2024, reversing a strong positive working capital position of £261,148 in 2023. Total net liabilities amount to £103,311, a sharp decline from net assets of £226,752 in 2023.
• Substantial Increase in Creditors: Creditors due within one year increased from £3,014 in 2023 to £102,570 in 2024, indicating potential cash flow distress or delayed payments to suppliers and creditors.
• No Employees and Limited Operational Data: The company reports zero employees, suggesting very limited operational activity or reliance on contractors, which may impact sustainability and growth potential.

3. Positive Indicators:

• No Overdue Filings: Annual accounts and confirmation statements are up to date, indicating regulatory compliance and good governance in filing obligations.
• Established Directors with Relevant Expertise: Both directors have relevant backgrounds, including a Senior Land Manager and Managing Director, potentially supporting the company’s building development operations.
• Shareholder Funding: Shareholders’ funds remain positive in historical data, indicating some equity backing despite the recent downturn.

4. Due Diligence Notes:

• Investigate reasons behind the sharp deterioration in working capital and net assets between 2023 and 2024, including any one-off financial events or operational issues.
• Review creditor details to understand the nature and terms of the increased liabilities due within one year and after more than one year.
• Confirm the company’s cash flow management practices and any external financing arrangements or guarantees.
• Assess the business model sustainability given the absence of employees and limited current assets.
• Evaluate directors’ plans or strategies to restore financial health and viability.