Company Number: 14305866

Analysis Date: 2025-07-20 18:25 UTC

1. Risk Rating: HIGH
   The company exhibits sustained negative net assets and net current liabilities over the past two years, indicating solvency and liquidity concerns. The persistence of these deficits signals financial distress and potential inability to meet short-term obligations.

2. Key Concerns:

• Negative Net Assets: The company’s net assets have remained negative (£-2,590 in 2024) and worsened slightly from the prior year, reflecting accumulated losses and erosion of equity capital.
• Working Capital Deficit: Net current liabilities stand at £-4,762 for 2024, showing a significant working capital shortfall that threatens operational liquidity and payment capacity.
• Limited Financial History & Small Scale: Incorporated in 2022 and categorized as a micro-entity, the company has limited operational history and financial data, increasing uncertainty about future performance and sustainability.

3. Positive Indicators:

• Compliance Status: No overdue filings for accounts or confirmation statements, reflecting adherence to statutory compliance and governance requirements.
• Stable Director & PSC Structure: Directors and persons with significant control are clearly identified and appear to have stable involvement, which may support continuity in management.
• Modest Asset Growth: Fixed assets increased from £318 to £2,772, indicating some investment in tangible assets which could support operations.

4. Due Diligence Notes:

• Investigate the nature and cause of accumulated losses leading to negative equity, including detailed review of profitability and cash flow statements (not currently filed).
• Assess the company’s cash flow management and short-term debt obligations to understand liquidity risks more comprehensively.
• Review business model viability given the micro-entity scale and industry sector (combined facilities support activities), including customer contracts, revenue streams, and growth prospects.
• Confirm absence of director disqualifications or adverse regulatory actions beyond public records, as well as any contingent liabilities or off-balance-sheet exposures.