Company Number: 13836701

Analysis Date: 2025-07-20 17:57 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk, with net liabilities increasing sharply to £353,988 in the latest year from £34,137 previously. Current liabilities vastly exceed current assets, indicating poor liquidity and an inability to meet short-term obligations.

2. Key Concerns:

• Severe Negative Net Assets: The company’s net liabilities have worsened more than tenfold within one year, a critical red flag for financial stability.
• Negative Working Capital: Net current liabilities of £358,579 against current assets of only £18,726 suggest immediate liquidity issues.
• No Employees or Revenue Indicated: The company reports no employees and minimal current assets, implying either an inactive or non-operational status despite being active on register.

3. Positive Indicators:

• Up-to-date Filings: The company is current with both accounts and confirmation statement filings, indicating regulatory compliance in terms of disclosure.
• Experienced Control: Ownership and control rest with a single British individual and a Swiss entity, which may suggest some level of oversight and governance.
• Active Website and Public Presence: An operational website and published contact details may indicate intent to conduct business and engage clients.

4. Due Diligence Notes:

• Investigate the nature of the large current liabilities—are these trade payables, loans, or related party debts?
• Clarify the absence of employees and revenue generation to assess operational activity and sustainability.
• Review cash flow statements and management accounts (if available) for current liquidity position and forecast.
• Confirm the relationship and financial support between the controlling parties and the company to understand any off-balance-sheet arrangements.
• Assess the reasons behind the significant worsening of the financial position within one year and any plans management has for remediation.