Company Number: 13889690

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: HIGH
   The company shows negative net current assets and net liabilities as of the latest accounts (2024), indicating potential solvency concerns. The micro-entity size and minimal assets suggest limited financial buffer.

2. Key Concerns:

• Negative net current assets (-£242) and net liabilities position in the latest financial year, pointing to possible inability to meet short-term obligations.
• Very low asset base and cash balances (only £771 current assets), indicating liquidity constraints.
• No employees and limited operational scale with no significant turnover data available, raising questions about ongoing business viability and revenue generation.

3. Positive Indicators:

• The company is current with all filings, including accounts and confirmation statements, demonstrating compliance with statutory requirements.
• Clear ownership and control by a single director and shareholder, which may simplify decision-making.
• Operating in a software development sector (SIC 62012), which can have low fixed costs and scalability potential if growth occurs.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities leading to negative net assets, including any overdue debts or trade creditors.
• Confirm the company’s revenue streams and business model viability given the absence of employees and very limited financial information disclosed.
• Assess cash flow projections and any plans for recapitalization or funding to address the current negative working capital position.