Company Number: 15210329

Analysis Date: 2025-07-29 14:06 UTC

1. Risk Rating: HIGH

   The company exhibits significant solvency risk evidenced by net liabilities of £31,241 in its first financial period. Negative net current assets indicate an inability to meet short-term liabilities with existing current assets, raising immediate liquidity concerns. Given the company’s recent incorporation and small scale, operational sustainability remains uncertain without further evidence of incoming revenue or capital injection.

2. Key Concerns:

   • Negative Net Assets and Working Capital Deficit: The company’s net liabilities position and a deficit of £31,241 in net current assets imply it is currently insolvent on a balance sheet basis and may struggle to meet creditor demands.

   • Limited Operational History and Scale: Incorporated in October 2023 with only one employee (the director), the company has no trading history disclosed and minimal financial disclosure, making it difficult to assess revenue generation or business viability.

   • Single Shareholder and Director Control: Mr. Tim Plaskow holds 75-100% ownership and voting rights, concentrating control. While not inherently negative, single-person control can increase governance risk, especially in a distressed financial position.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up-to-date on accounts and confirmation statement filings, with no overdue returns, indicating attention to statutory compliance.

   • Micro-Entity Status and Audit Exemption: The small scale allows simplified reporting and limited administrative burden, which can reduce operating costs.

   • Clear Industry Classification: The company is classified under management consultancy activities, a sector with low capital intensity and potentially scalable service offerings.

4. Due Diligence Notes:

   • Examine Cash Flow and Funding Sources: Investigate the company’s cash flow statements or management accounts to determine if negative working capital is a temporary situation or reflects ongoing liquidity issues. Clarify sources of funding or shareholder loans supporting operations.

   • Review Business Plan and Revenue Model: Obtain details on client contracts, revenue projections, and operational plans to evaluate the sustainability of the business.

   • Assess Director Background and Related Party Transactions: Verify the director’s capacity to support the business financially and operationally, and ensure there are no undisclosed related party debts or transactions that may affect solvency.

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