Company Number: 13971708

Analysis Date: 2025-07-20 11:04 UTC

1. Risk Rating: HIGH
   The company has reported net liabilities of £4,163 for the year ending March 2024, indicating negative net assets and a working capital deficiency. This suggests solvency risk, as current liabilities exceed current assets significantly. The small turnover and absence of employees further indicate limited operational scale and potential cash flow constraints.

2. Key Concerns:

• Negative net assets and net current liabilities (£-4,163) in the latest financial year pose solvency concerns.
• Operating losses of £4,201 in the latest period despite modest turnover growth reflect ongoing unprofitability.
• Change in controlling director in early 2024 may signal governance or ownership transition risks that require monitoring.

3. Positive Indicators:

• The company remains active and compliant with filing deadlines for accounts and confirmation statements.
• Turnover increased from £2,150 in 2023 to £16,832 in 2024, indicating some revenue growth momentum.
• No off balance sheet liabilities reported and no employees, which reduces complexity and fixed cost burden.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities (£8,058) to assess repayment obligations and creditor relationships.
• Clarify the impact of director transition from Saeed Ahmed to Muhammad Anas on strategic direction and control.
• Request cash flow statements or management accounts to evaluate liquidity trends and runway.
• Review business model sustainability given low turnover and lack of staff, and understand plans for achieving profitability.