Company Number: 13025611

Analysis Date: 2025-07-20 14:28 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk, with negative net assets and shareholders’ funds of £23,830 as of the latest financial year. The absence of current assets against current liabilities of £23,830 highlights liquidity concerns, suggesting it cannot meet short-term obligations from available resources.

2. Key Concerns:

• Negative Net Assets: The company’s balance sheet shows a deficit of £23,830, indicating liabilities exceed assets.
• Lack of Current Assets: Reported current assets are zero despite current liabilities of £23,830, raising immediate liquidity issues.
• No Operating Employees or Fixed Assets: The company reports zero employees and no fixed assets, which may indicate limited operational capacity or sustainability challenges.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings with no overdue returns.
• Sole Director with Full Control: The single director, Pauline Boyle, holds 75-100% share ownership and voting rights, which may facilitate swift decision-making.
• Micro-Entity Status: The company’s small scale could mean lower overheads, although this is tempered by financial deficits.

4. Due Diligence Notes:

• Investigate the nature and timing of the company’s liabilities to understand if these are outstanding trade payables, loans, or other obligations.
• Clarify the company’s business model and revenue generation prospects given minimal turnover (£9,103 in 2022) and no reported employees.
• Review any off-balance sheet commitments or contingent liabilities that might affect financial stability.
• Confirm if the director has provided any financial support or guarantees to sustain operations.
• Assess if the company has access to external financing or plans for recapitalization to address the negative equity position.