Company Number: 12792673

Analysis Date: 2025-07-20 17:35 UTC

1. Risk Rating: MEDIUM
   Justification: The company is solvent with positive net assets, but current liabilities exceed current assets resulting in negative net current assets, indicating potential short-term liquidity pressure. The absence of employees and limited financial data restrict full assessment of operational stability.

2. Key Concerns:

• Liquidity Risk: Current liabilities (£1,627,615) surpass current assets (£1,376,600) by approximately £251k as of 2023, suggesting potential difficulty meeting short-term obligations.
• Operational Scale: No employees reported and limited fixed assets imply minimal ongoing business activity or scale, raising questions on sustainability.
• Concentration of Control: One director, Mr. Terence Jason Pullen, holds significant control (25-50% shares and voting rights) which could pose governance risks if not balanced.

3. Positive Indicators:

• Improving Net Assets: Shareholders’ funds increased from £88,465 in 2022 to £263,600 in 2023, showing an upward trend in equity.
• Filing Compliance: Accounts and confirmation statements are filed on time, indicating good regulatory compliance.
• No Overdue Filings or Liquidation: The company is active, not in liquidation, and maintains up-to-date filings without penalties.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities to assess liquidity risk and cash flow management.
• Clarify business operations given zero employees and absence of fixed assets—determine revenue streams and sustainability.
• Review director governance and potential related party transactions due to high control concentration.
• Confirm whether the company has any contingent liabilities or off-balance sheet commitments not reflected in the micro-entity accounts.