Company Number: 13861766

Analysis Date: 2025-07-29 12:25 UTC

1. Risk Rating: HIGH
   Justification: The company shows net current liabilities and negative shareholders funds as at its first accounting period end. It has minimal operating history since incorporation in early 2022, and its financial data indicates an initial loss position and negative working capital. This raises concerns about solvency and liquidity.

2. Key Concerns:

• Negative net current assets of £219 and shareholders funds of £220 deficit suggest inability to cover short-term liabilities with current assets.
• Very limited financial history with only a partial accounting period and no income statement available, limiting insight into operational performance and cash flows.
• Sole director and controlling shareholder structure with related party ownership (StrikeX Technologies Ltd) may indicate dependency on parent company support, raising questions about independent sustainability.

3. Positive Indicators:

• Company status is active with timely filing of accounts and confirmation statements, indicating compliance with statutory obligations.
• Director is identified and ongoing since incorporation, no disqualifications noted, supporting governance continuity.
• Operating in a growth sector (business and domestic software development) which could provide future opportunities for scalability if adequately capitalized.

4. Due Diligence Notes:

• Obtain latest management accounts and cash flow forecasts to assess current liquidity and operational viability beyond the initial filing date.
• Review the nature and extent of support or funding from the parent company, StrikeX Technologies Ltd, including intercompany transactions and guarantees.
• Investigate any subsequent changes in capital structure or debt financing that may affect solvency risk.
• Confirm whether the company has secured customers or contracts to support revenue generation and sustainability.
• Evaluate director experience and business plan to understand strategic direction and risk mitigation.