Company Number: 13952391

Analysis Date: 2025-07-20 15:00 UTC

1. Risk Rating: HIGH
   Despite being active and compliant with filing deadlines, the company exhibits significant solvency and liquidity concerns. The fixed asset base is sizeable (£243,929), but current liabilities exceed current assets by a large margin in prior years, and even though net current assets improved in 2024, total liabilities after one year remain very high (£265,743), leaving minimal net assets (£1,830). This capital structure suggests vulnerability in meeting obligations.

2. Key Concerns:

• Persistent high long-term liabilities relative to net assets, indicating potential solvency risk.
• Lack of operating employees and no reported turnover or profit data, raising questions on operational sustainability.
• Micro-entity reporting with unaudited accounts limits transparency and confidence in financial accuracy.

3. Positive Indicators:

• The company is current on statutory filings (accounts and confirmation statements), showing compliance with regulatory requirements.
• Modest improvement in net assets from £790 to £1,830 in the latest year, albeit marginal.
• Fixed assets remain stable, potentially reflecting some tangible value underpinning the business.

4. Due Diligence Notes:

• Investigate the nature and terms of the significant long-term liabilities to assess repayment risk and covenant compliance.
• Clarify the company’s business model and revenue generation given no employees and minimal operational data.
• Obtain management accounts or cash flow forecasts to evaluate liquidity and going concern status beyond the limited statutory filings.
• Review directors’ and shareholders’ plans for capitalization or restructuring to address negative working capital history.