Company Number: 14356856

Analysis Date: 2025-07-20 12:33 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity risks as indicated by negative net assets and net current liabilities that have worsened year on year.

2. Key Concerns:

• Negative net assets of £6,349 in 2024 (worsened from -£4,324 in 2023) reflect insolvency on a balance sheet basis.
• Current liabilities exceed current assets by a large margin (£281,228 vs £5,561), indicating severe liquidity constraints to meet short-term obligations.
• No employees and minimal current assets suggest limited operational activity or revenue generation, raising questions about business sustainability.

3. Positive Indicators:

• The company has complied with filing requirements on time, showing regulatory compliance and governance discipline.
• The fixed asset base has increased from £196,801 to £269,318, possibly indicating investment in long-term assets that could generate future returns.
• Controlled by a single significant shareholder/director, which may simplify decision-making.

4. Due Diligence Notes:

• Investigate the nature and recoverability of fixed assets to determine if they can be leveraged or sold to improve liquidity.
• Review detailed cash flow and income statements (not currently provided) to assess operational cash generation and profitability.
• Clarify the reasons for persistent and growing negative net assets and large current liabilities—are these trade payables, loans, or other debts?
• Assess management plans to address solvency issues and whether any restructuring or refinancing is underway.
• Confirm no contingent liabilities or pending legal issues that could exacerbate financial stress.