Company Number: 13438455

Analysis Date: 2025-07-20 17:18 UTC

1. Risk Rating: LOW
   The company demonstrates a stable financial position with positive net current assets, no current liabilities at the latest year-end, and timely filing of accounts and confirmation statements. The small scale and exemption from audit are consistent with a low-risk micro/small entity profile.

2. Key Concerns:

• Decreasing total assets and net current assets in 2024 compared to prior years indicate a reduction in financial resources.
• Concentration of debtors solely from group undertakings suggests dependency on related parties for receivables and cash flow.
• Very low share capital (£1.00 called up) may limit the company’s solvency buffer in case of unexpected liabilities.

3. Positive Indicators:

• No overdue filings or compliance issues reported; regulatory compliance appears sound.
• Positive net current assets (£52,180 as of 2024) and no current liabilities indicate the company can meet short-term obligations.
• The company is active with multiple directors and a clear ownership structure, including a majority shareholder corporate entity and individual PSCs.

4. Due Diligence Notes:

• Investigate the nature and collectability of the debtors owed by group undertakings to assess liquidity risks.
• Review the reasons behind the reduction in total assets and retained earnings from 2023 to 2024.
• Confirm whether the company’s operational activities generate cash flow or if it is primarily a holding entity with limited trading.
• Assess related party transactions and dependency on group companies for financial stability.
• Verify the roles and backgrounds of directors appointed in 2025 as these appointments post-date the latest accounts.