Company Number: SC784029

Analysis Date: 2025-07-20 19:07 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position (£-212) with current liabilities exceeding current assets, indicating immediate solvency and liquidity concerns. The micro-entity status with minimal financial history and recent incorporation further limits assessment confidence.

2. Key Concerns:

• Negative net current assets (-£212) suggest potential difficulty meeting short-term obligations.
• Very limited operating history (incorporated Sep 2023) restricts ability to evaluate operational sustainability.
• Minimal financial disclosures and unaudited accounts reduce transparency and increase uncertainty.

3. Positive Indicators:

• Compliance with filing deadlines for accounts and confirmation statements indicates good regulatory adherence.
• Directors appear qualified with engineering backgrounds, relevant to the SIC-designated activities.
• Shareholder control structure is clear, with no indication of director disqualifications or governance issues.

4. Due Diligence Notes:

• Investigate underlying causes of negative net assets — whether initial startup losses or accounting timing issues.
• Review cash flow projections and funding sources to assess short-term liquidity.
• Clarify business plan and client pipeline to evaluate future revenue potential and operational viability.
• Confirm the relationship and terms with KW Business Services Ltd, as the registered office and accountant provider, to understand cost structure or potential related-party transactions.