Company Number: 13024713

Analysis Date: 2025-07-20 15:57 UTC

1. Risk Rating: HIGH
   The company exhibits significant financial constraints with minimal current assets and a very low equity base. The presence of a corporation tax creditor without corresponding cash reserves is a liquidity red flag. The business scale and financial data suggest limited operational activity and potential solvency challenges.

2. Key Concerns:

• Liquidity Risk: As of 30 November 2024, the company holds only £52 in cash against a corporation tax creditor of £10, indicating very limited liquid resources to meet even short-term obligations.
• Minimal Business Activity: The accounts reveal no employees and negligible turnover or trading activity; the director’s loan account is minimal and unchanged, suggesting the company may not be generating operating cash flow.
• Equity and Capital Base: Share capital remains at £1 with net assets of only £43, representing an extremely weak capital structure unable to absorb financial shocks or support growth.

3. Positive Indicators:

• Up-to-Date Filings: The company is current with its accounts and confirmation statement filings, indicating compliance with statutory requirements.
• No Overdue Filings or Insolvency Proceedings: The company is active, not in liquidation or administration, and has no overdue accounts, which implies some degree of operational continuity.
• Single Controlling Shareholder: Clear ownership and control by Mr. Mihai-Dragos Cicos may enable swift decision-making without governance conflicts.

4. Due Diligence Notes:

• Verify the company’s revenue streams and confirm whether any significant contracts or business activities exist beyond what is disclosed.
• Review recent cash flow statements or bank statements to assess liquidity trends and the ability to cover liabilities such as tax.
• Investigate the nature and enforceability of the director’s loan and any other related-party transactions.
• Confirm the rationale behind the corporation tax creditor balance and whether payment plans or disputes exist with HMRC.
• Assess the strategic intentions of the controlling shareholder regarding future capital injections or business development.