Company Number: 13586562

Analysis Date: 2025-07-20 15:30 UTC

1. Risk Rating: HIGH

The company exhibits a high risk profile based on its financial position. Despite being active and compliant with filing deadlines, the company consistently reports negative net current assets over the last three years, indicating liquidity stress and potential difficulties in meeting short-term obligations.

2. Key Concerns:

• Negative Net Current Assets: The company’s current liabilities have persistently exceeded current assets (e.g., -£8,306 as of 2024), suggesting cash flow constraints.
• Very Low Net Assets and Shareholders’ Funds: Net assets declined sharply from £7,122 in 2021 to only £108 in 2024, signaling erosion of equity and limited capital buffer.
• Single Director and Shareholder Control: Mr. Dane Stuart Spiller holds 75-100% shareholding and voting rights, which concentrates control and may increase governance risk without independent oversight.

3. Positive Indicators:

• Timely Filing and Compliance: No overdue accounts or confirmation statements, indicating regulatory adherence.
• Micro Entity Status: Small scale and minimal complexity, which can reduce operational risks.
• Steady Industry Focus: Operating in development of building projects (SIC 41100), a clear and focused business activity.

4. Due Diligence Notes:

• Investigate Cash Flow Management: Understand how the company manages working capital given ongoing negative net current assets.
• Review Debt Terms: Scrutinize creditor composition and payment terms to assess solvency risks.
• Governance Assessment: Examine internal controls and oversight given sole control by one director/shareholder.
• Profitability and Revenue Trends: Additional data on turnover and profit/loss would clarify sustainability.
• Potential Related Party Transactions: Given single-person control, review for any transactions that may affect financial health.