Company Number: 13129007

Analysis Date: 2025-07-20 14:29 UTC

1. Risk Rating: HIGH
   The company exhibits a consistently negative net asset position and net current liabilities over multiple years, with minimal cash reserves. This indicates a high risk of insolvency and liquidity challenges.

2. Key Concerns:

• Negative Shareholders' Funds: The company has maintained negative equity (£-2,212 at 31 Jan 2024), which signals accumulated losses and potential solvency issues.
• Negative Net Current Assets: The working capital deficit (around £-2,211) suggests the company may struggle to meet its short-term obligations as they fall due.
• Minimal Cash Reserves: Cash on hand has fallen significantly from £5,441 in 2021 to £52 in 2024, raising concerns over liquidity and the ability to fund ongoing operations.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current on its accounts and confirmation statement filings, indicating good regulatory compliance and governance practices.
• Stable Employee Base: The company has maintained a small, consistent workforce of 3 employees, which may reflect controlled operational scale.
• Experienced Directors: Presence of three directors, including a retired professional, could suggest a diversity of experience supporting governance.

4. Due Diligence Notes:

• Investigate the company’s business model viability given the persistent losses and negative net assets.
• Review cash flow statements and management plans to understand how liquidity issues are being managed.
• Assess any contingent liabilities or off-balance sheet obligations that may exacerbate solvency risk.
• Confirm whether there are any director guarantees or related-party transactions that might affect financial stability.
• Evaluate future funding sources or capital injections planned to address the negative equity position.