Company Number: 13750223

Analysis Date: 2025-07-29 12:58 UTC

1. Risk Rating: HIGH
   This rating is due to the extremely low turnover (£3 in the latest year vs. £55,300 previously), combined with a net loss incurred in 2023 and a significant reduction in net assets. The company’s financial performance and operational scale appear severely diminished, raising concerns about its ongoing viability.

2. Key Concerns:

• Declining Financial Performance: Turnover collapsed from £55,300 in 2022 to £3 in 2023, coupled with a loss of £8,202, suggesting the business is no longer generating meaningful revenue.
• Dwindling Net Assets: Net assets fell from £19,856 to £7,654 in one year, reflecting erosion of capital and potential strain on solvency.
• Limited Operational Scale: The company operates with only one employee (the sole director), no fixed assets, and minimal current assets, which may indicate constrained capacity to recover or expand operations.

3. Positive Indicators:

• Compliance and Governance: All filings (accounts and confirmation statements) are up to date and not overdue, indicating good regulatory compliance.
• Strong Shareholder Control: The sole director and 100% shareholder, Mr. Timothy Callaghan, is actively involved, which can facilitate swift decision-making.
• No Off-Balance Sheet Liabilities: The accounts disclose no off-balance sheet exposures, limiting hidden liabilities.

4. Due Diligence Notes:

• Investigate the cause of the dramatic turnover decline in 2023 and whether it reflects a strategic pause, market issues, or operational failure.
• Review cash flow statements and bank balances (not provided) to assess liquidity beyond balance sheet snapshots.
• Confirm whether the company has ongoing contracts, client base, or pipeline to sustain future operations.
• Understand the business model and how it has evolved since inception in 2021 to contextualize the financial volatility.
• Check for any contingent liabilities or related party transactions not captured in the micro-entity accounts.