Company Number: SC689174

Analysis Date: 2025-07-29 21:06 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net current assets and very low cash balances relative to current liabilities, indicating liquidity stress and potential difficulty meeting short-term obligations.

2. Key Concerns:

• Negative Working Capital: Net current liabilities of £3,279 (2024) and £4,034 (2023) suggest ongoing liquidity issues.
• Minimal Cash Reserves: Cash at bank is only £1,387 as of 2024, insufficient compared to current liabilities of £4,666.
• Limited Operational Scale: Only one employee and modest tangible fixed assets with no indication of turnover or profitability metrics limit confidence in business sustainability.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date, indicating regulatory compliance.
• Shareholders’ Funds Positive: Net assets and shareholders’ funds remain positive (£1,663 in 2024), showing some retained equity buffer.
• Director Continuity: Single director has remained consistent since incorporation, potentially indicating stable governance at the leadership level.

4. Due Diligence Notes:

• Investigate the company’s revenue streams and profitability as these are not disclosed in the available data.
• Clarify the nature and terms of the director loans (£175 in 2024) and assess any impact on liquidity.
• Review plans or evidence for improving working capital and cash flow management given consistent negative net current assets.
• Confirm whether there are any contingent liabilities or off-balance sheet obligations not reflected here.