Company Number: 13011779

Analysis Date: 2025-07-20 14:41 UTC

1. Risk Rating: HIGH
   TBIR Media Ltd exhibits significant solvency and liquidity risks, evidenced by persistent and deepening net liabilities and negative working capital over the last four years. The company’s financial position deteriorated from modest net assets in 2020 to a substantial net deficit of over £5,000 by 2024, indicating an inability to meet obligations as they fall due.

2. Key Concerns:

• Negative Net Assets and Shareholder Deficit: The company’s net assets have declined from positive £115 in 2020 to negative £5,048 in 2024, signaling accumulated losses eroding shareholder equity.
• Severely Negative Net Current Assets: The current liabilities exceed current assets by £4,625 as at 2024, suggesting material liquidity shortfalls that could impede operational continuity.
• No Employees and Minimal Operational Scale: The company reported zero employees during 2024, indicating limited operational capacity and possibly reliance on outsourcing or director input alone, raising questions about sustainability.

3. Positive Indicators:

• Up-to-Date Filings and No Overdue Returns: The company has complied with its statutory filing obligations on time, including accounts and confirmation statements, which supports regulatory compliance and transparency.
• Single Director with Consistent Tenure: The director has been consistently in place since incorporation, potentially providing stable governance at the top management level.
• Micro Entity Reporting and Exemption from Audit: The company benefits from simplified reporting requirements, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and source of the company’s liabilities to understand if they are trade creditors, loans from related parties, or other obligations.
• Review cash flow statements and bank reconciliations (not available here) to assess short-term liquidity and operating cash generation.
• Clarify the business model and revenue streams given the lack of employees and negative net assets, including any dependency on the director or third parties.
• Confirm whether there are any contingent liabilities or pending litigations that might exacerbate financial stress.
• Assess related party transactions or director loans that may impact solvency.
• Verify the reason for the significant decline in fixed assets and current assets over the years.