Company Number: 14357340

Analysis Date: 2025-07-20 12:33 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with net liabilities increasing from £9,418 deficit in 2023 to £23,574 deficit in 2024. Current liabilities far exceed current assets, indicating a substantial working capital shortfall.

2. Key Concerns:

• Negative net current assets and net liabilities worsening year-on-year suggest an inability to meet short-term obligations.
• No employees and minimal current assets (£246 in 2024) imply limited operational activity and cash resources.
• Sole director also the 75-100% shareholder with occupation unrelated to the business may signal governance and operational sustainability risks.

3. Positive Indicators:

• The company’s filings and accounts are up to date with no overdue returns or accounts, indicating compliance with statutory reporting requirements.
• The company benefits from micro-entity accounting standards which simplify reporting and reduce compliance costs.
• The director has acknowledged responsibility and accounts have been approved timely.

4. Due Diligence Notes:

• Investigate the nature of the company’s business activities given the SIC code (retail sale via mail order/internet) vs minimal current assets and no employees.
• Clarify the source of funding or loans generating the current liabilities, and any plans for capital injection or debt restructuring.
• Review any contingent liabilities or off-balance-sheet commitments that may exacerbate financial risk.
• Assess the director’s background and capacity to manage and finance the company given his occupation as a taxi driver.
• Confirm whether the company is trading or dormant operationally despite being active on record.