Company Number: 14376546

Analysis Date: 2025-07-29 16:38 UTC

1. Risk Rating: HIGH
   The company exhibits significant liquidity and solvency risks as evidenced by large current liabilities vastly exceeding current assets and cash reserves. The net current liabilities position and minimal equity cushion raise concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Severe Negative Working Capital: The current liabilities (£1,037,619) exceed current assets (£4,277) by over £1 million, indicating potential cash flow stress and an inability to cover immediate debts.
• Minimal Equity and Net Assets: Shareholders’ funds stand at only £6,284 against substantial liabilities, suggesting limited financial resilience or buffer to absorb losses.
• Lack of Operational Scale and Revenue Data: No turnover or employee figures reported for 2024, and the company employs no staff, raising questions on ongoing operational viability and business activity.

3. Positive Indicators:

• Tangible Fixed Assets: The company holds tangible assets valued at approximately £1.04 million, which may provide some long-term value or collateral for financing.
• No Overdue Filings: Accounts and confirmation statements are filed timely, indicating compliance with statutory reporting obligations.
• Experienced Directors with Control: Both directors have full control and have maintained continuous appointments since incorporation, which may imply stable management.

4. Due Diligence Notes:

• Investigate the nature and terms of the substantial current liabilities, including whether they are loans, trade payables, or other obligations, and their repayment schedules.
• Review cash flow statements or management accounts to assess actual liquidity trends and the company’s ability to service debt.
• Clarify the company’s business model and income generation since turnover and employee data are absent, to evaluate operational sustainability.
• Assess the realizable value and marketability of tangible fixed assets to understand their role in supporting the company’s financial position.
• Confirm whether there are any contingent liabilities or off-balance sheet arrangements not disclosed in the accounts.