Company Number: 13125585

Analysis Date: 2025-07-20 13:39 UTC

1. Risk Rating: HIGH
   Justification: The company consistently reports negative net assets and shareholders’ funds over multiple years, indicating liabilities exceed assets. Although fixed assets remain stable, current liabilities are substantial and exceed current assets by a wide margin, demonstrating poor liquidity and solvency risk.

2. Key Concerns:

• Persistent negative net assets and shareholders’ funds (e.g., -£14,899 in 2024) suggest ongoing financial distress and potential insolvency.
• High current liabilities (£115,480) relative to minimal current assets (~£3,285) point to severe liquidity constraints and difficulty meeting short-term obligations.
• The company has no employees and minimal share capital (£2.00), raising questions about operational capacity and sustainability as a going concern.

3. Positive Indicators:

• Fixed assets are maintained at a reasonably stable level (~£161,000), which may represent owned real estate assets underpinning the business.
• The company is up to date with filings and accounts, indicating compliance with statutory regulatory requirements.
• Directors have relevant professional backgrounds (project manager and accountant) potentially supporting competent governance.

4. Due Diligence Notes:

• Investigate nature and terms of the substantial current and long-term liabilities totaling approximately £115k each, including creditor identities and repayment schedules.
• Assess cash flow forecasts and working capital management to determine the company’s ability to service debts in the near term.
• Clarify business model viability given zero employees and minimal share capital; evaluate revenue streams and operational plans.
• Review any contingent liabilities or off-balance sheet exposures not disclosed in micro-entity accounts.
• Confirm ownership and valuation of fixed assets, and any encumbrances or liens against them.