Company Number: 13498264

Analysis Date: 2025-07-29 16:58 UTC

1. Risk Rating: MEDIUM
   The company shows positive net current assets and no overdue filings, but the extremely low net asset base and significant provisions against liabilities relative to total assets suggest caution.

2. Key Concerns:

• Very Low Net Asset Value: Net assets are reported at only £91 for 2024, down from £66,003 in 2021, indicating a significant erosion of equity which may impair solvency.
• High Provisions for Liabilities: Provisions nearly offset total assets (£49,058 provisions vs. £49,149 total assets less current liabilities), which could signal potential obligations that threaten financial stability.
• No Employees and Micro Account Filing: The absence of employees and micro-entity reporting limit transparency and operational scale, raising questions about business sustainability and growth prospects.

3. Positive Indicators:

• Positive Working Capital: Net current assets remain strongly positive (£48,511 in 2024), suggesting the company can meet short-term liabilities.
• Timely Filings and Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
• Stable Director and Ownership: Single director and 100% ownership by a single person with no disqualifications noted, which simplifies accountability and decision-making.

4. Due Diligence Notes:

• Investigate the nature and basis of the large provisions for liabilities to understand potential future cash outflows and risk exposure.
• Review revenue and profit trends (not disclosed here) to assess operational performance and whether the erosion of net assets stems from operating losses or one-off events.
• Confirm the business model viability given no employees and limited asset base, and whether the company relies on outsourcing or subcontracting.
• Verify any related party transactions or director loans that could affect financial stability.
• Assess the company's cash flow statements (if available) to ensure liquidity beyond balance sheet measures.