Company Number: 14739643

Analysis Date: 2025-07-20 16:28 UTC

1. Risk Rating: HIGH
   The company's financial position as of 31 March 2024 shows extremely limited net assets (£37) and negative net current assets (-£3,308), indicating potential solvency and liquidity challenges at this early stage of operation.

2. Key Concerns:

• Solvency Risk: The company has minimal net assets and total assets barely exceed current liabilities, suggesting very thin capital buffers and challenges in meeting obligations if liabilities crystallize.
• Liquidity Concerns: Current liabilities (£9,917) exceed current assets (£6,609), resulting in negative net current assets, which may impair short-term cash flow and operational funding.
• Operational Stability: Incorporated in March 2023 with only 2 employees and micro-entity status, the business scale is very small with limited financial history, making sustainability and growth prospects uncertain.

3. Positive Indicators:

• Compliance: The company has filed its accounts and confirmation statement on time with no overdue filings, reflecting good governance and regulatory compliance.
• Ownership and Control: The director, Ceara Henderson, holds 75-100% ownership and voting rights, ensuring clear leadership and decision-making authority.
• Micro-entity Status: Reduced reporting burden and costs may help the business focus resources on operations in its infancy.

4. Due Diligence Notes:

• Verify the nature and timing of current liabilities to assess if these are trade payables or other short-term debts that might pressure liquidity.
• Investigate the business model, revenue streams, and cash flow projections since financial history is limited and net assets are minimal.
• Understand the related party transactions or loans if any, given the very low equity base and high liabilities relative to assets.
• Review director’s background for experience and financial backing to support the company through early-stage risks.