Company Number: 14357396

Analysis Date: 2025-07-20 15:29 UTC

1. Risk Rating: HIGH
   The company exhibits a deteriorating liquidity position with net current liabilities worsening significantly over the most recent financial year, indicating potential difficulty in meeting short-term obligations.

2. Key Concerns:

• Negative Working Capital: As of 30 September 2024, net current assets are negative at £-482, a marked decline from prior years’ slight negative balances, signaling liquidity stress.
• Very Low Net Assets: Net assets declined from £826 in 2023 to £161 in 2024, suggesting erosion of the company’s capital base.
• Limited Financial Data & Micro Entity Status: The company files under the micro-entity regime with minimal disclosure, including no profit and loss statement, limiting insight into operational profitability and cash flow generation.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed timely, indicating regulatory compliance and good governance in this respect.
• Single Director with Full Control: The sole director and 75-100% shareholder is clearly identified, which may simplify decision-making and accountability.
• Micro Entity Classification: Smaller scale operations can mean lower overhead costs and simpler management.

4. Due Diligence Notes:

• Obtain detailed management accounts or cash flow statements to assess operational cash generation and short-term liquidity strategy.
• Clarify the reasons behind the sharp increase in current liabilities in the latest year and whether these are related to trade creditors, loans, or other obligations.
• Investigate the business model and client base given the SIC code (82990) — "Other business support service activities not elsewhere classified" — to evaluate sustainability and revenue sources.
• Confirm absence of director disqualifications or regulatory issues beyond the data provided.
• Assess any contingent liabilities or off-balance-sheet exposures not evident in micro-entity filings.