Company Number: 14368260

Analysis Date: 2025-07-29 13:53 UTC

1. Risk Rating: MEDIUM
   The company shows a marginally positive net asset position (£110) but has a slight working capital deficit (£-1,390), indicating limited liquidity cushion. Being a recently incorporated small private company with minimal tangible assets and low equity, there is moderate risk in meeting obligations if cash flow issues arise.

2. Key Concerns:

• Working capital negative: Current liabilities (£66,195) slightly exceed current assets (£64,805), suggesting potential short-term liquidity pressure.
• Minimal equity base: Shareholders' funds of only £110 provide very limited buffer against losses or unexpected expenses.
• Concentration of control: Single director and 75-100% shareholder control by Laura Marie Lewis may pose governance and succession risks.

3. Positive Indicators:

• No overdue filings: Accounts and confirmation statements are up to date, indicating regulatory compliance and good governance discipline.
• Turnover recognition policy: Clear accounting policies suggest revenue recognition aligned with contract progress, supporting transparency in reported income.
• Small tangible asset base: Limited fixed assets (£1,500 net) imply low capital intensity, potentially allowing flexibility to adjust operations.

4. Due Diligence Notes:

• Review cash flow statements and bank balances to assess actual liquidity beyond balance sheet figures.
• Investigate the nature and aging of trade debtors (£62,475) to determine collectability risks.
• Clarify taxation liabilities (£65,013)—whether these are deferred or imminent payments impacting cash flow.
• Understand the business model under SIC codes 52103 and 38110 to evaluate operational sustainability and market risks.
• Assess plans for equity strengthening or financing to improve working capital position.