Company Number: 15238632

Analysis Date: 2025-07-20 12:12 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk with net liabilities of £23,398 as of the latest accounts date, indicating that its liabilities exceed its assets. This negative equity position in the first financial year is a material concern, especially given the absence of employees and limited current assets.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities of £23,398 suggest undercapitalisation or initial operating losses, raising questions about its ability to meet short-term and long-term obligations.
• Working Capital Deficit: Current liabilities (£48,680) exceed current assets (£25,282), resulting in a net current liability position, indicating potential liquidity constraints.
• No Employees and Early Stage: As a recently incorporated company (October 2023) with no employees reported during the first year, operational scale and revenue generation remain unproven, which may impact sustainability.

3. Positive Indicators:

• No Overdue Filings: The company is current with its statutory filing requirements (accounts and confirmation statements), showing compliance with regulatory obligations.
• Clear Ownership and Control: Single director and sole shareholder (Mr. Matt Fisher) simplifies governance and decision-making processes.
• Micro Entity Status: The company benefits from simplified accounting and reduced compliance costs, appropriate for its size and stage.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities contributing to the negative net asset position—are these startup costs, shareholder loans, or trade creditors?
• Assess the company’s business plan, funding sources, and cash flow projections to understand how it intends to address the working capital deficit.
• Confirm whether there are any related party transactions, director loans, or contingent liabilities not reflected in the balance sheet.
• Monitor future filings and financial performance closely, given the early stage of the company and its current financial position.