Company Number: 14157253

Analysis Date: 2025-07-29 19:50 UTC

1. Risk Rating: HIGH
   The company exhibits persistent negative net assets and net current liabilities over the last two financial years, indicating solvency concerns. The absence of employees and reliance on micro-entity accounting standards further suggest limited operational scale and resources.

2. Key Concerns:

• Negative Net Assets: Net liabilities increased from £1,498 in 2023 to £2,520 in 2024, indicating deteriorating financial health and potential inability to meet obligations.
• Working Capital Deficit: Negative net current assets (£-2,620 in 2024) signal liquidity issues, raising doubts about the company's capacity to cover short-term liabilities.
• No Employees and Limited Operations: The company reported zero employees and minimal current assets (£1,824 in 2024), which may reflect limited operational activity and cash flow generation.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with annual accounts and confirmation statement filings, showing regulatory compliance.
• No Overdue Filings or Insolvency Status: No overdue accounts or confirmation statements and the company is not under liquidation or administration.
• Defined Business Activities: Multiple SIC codes relevant to performing arts, sound recording, and retail via internet suggest a diversified business model in creative industries.

4. Due Diligence Notes:

• Investigate the cause of continued negative net assets and whether there is a plan or funding in place to restore solvency.
• Review cash flow statements and any related party transactions or funding from directors or shareholders.
• Assess business model viability given absence of employees and very low asset base, including contracts, customer base, and revenue streams.
• Confirm no director disqualifications or regulatory issues given sole director status.