Company Number: 15076134

Analysis Date: 2025-07-20 11:03 UTC

1. Risk Rating: HIGH
   The company displays significant solvency concerns with net current liabilities of £403,120 and overall net liabilities of £53,120 despite having tangible assets of £350,000. The short-term liabilities exceed current assets by a large margin, indicating liquidity pressures and potential difficulty meeting short-term obligations.

2. Key Concerns:

• Negative Net Current Assets: Current liabilities (£487,341) far exceed current assets (£84,221), suggesting cash flow risk and inability to cover short-term debts.
• Net Liabilities Position: Shareholders’ deficit of £53,120 indicates the company is technically insolvent on a balance sheet basis.
• Newly Incorporated with Limited Operating History: Incorporated in August 2023, the company has less than one year of financial data, limiting visibility on operational stability and profitability.

3. Positive Indicators:

• Tangible Fixed Asset Base: Owns freehold land and buildings valued at £350,000, providing some asset backing.
• No Overdue Filings: Accounts and confirmation statements are up to date, suggesting compliance with statutory requirements.
• Controlled by Corporate PSC: A corporate entity (Comfort Care Group Ltd) controls 25-50% with rights to appoint directors, potentially indicating some degree of professional governance oversight.

4. Due Diligence Notes:

• Investigate the nature and terms of the current liabilities (£487,341) to determine if these include related party loans, bank borrowings, or trade payables and their repayment schedules.
• Review cash flow forecasts and business plan to assess ability to service liabilities and generate positive cash flow going forward.
• Understand the use and marketability of the tangible fixed assets (land and buildings) and whether they can be leveraged or sold if liquidity issues arise.
• Clarify the relationship and financial support from Comfort Care Group Ltd and the directors’ plans to address the negative equity position.
• Verify if any contingent liabilities or off-balance sheet risks are present given the limited disclosure in the accounts.