Company Number: 13989030

Analysis Date: 2025-07-20 15:18 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position in its latest financial year, indicating potential solvency concerns. The micro-entity status and minimal asset base further constrain its financial resilience.

2. Key Concerns:

• Negative Net Assets: As of 31 March 2024, the company reports net assets of -£85, a deterioration from +£59 in the prior year, signaling potential insolvency risk.
• Very Limited Current Assets: Current assets stand at only £516 against current liabilities of £601, implying a working capital deficit and potential liquidity strain.
• Single Director and Shareholder Concentration: Control is fully vested in one individual which may raise governance and operational continuity risks.

3. Positive Indicators:

• Timely Compliance: The company is up to date with both accounts and confirmation statement filings, demonstrating regulatory compliance.
• Micro-entity Status: Operating as a micro-entity reduces administrative burden and may reflect a lean operational structure.
• Ongoing Activity: The company is registered as active and not in liquidation or administration, suggesting ongoing operations.

4. Due Diligence Notes:

• Investigate the nature of liabilities contributing to the current liabilities exceeding current assets and any plans to improve liquidity.
• Clarify the business model and revenue streams given the retail SIC code and very low asset base.
• Assess director’s capacity and plans to support solvency, including any capital injections or financing arrangements.
• Review cash flow statements and bank balances if available to evaluate short-term liquidity beyond balance sheet snapshots.
• Confirm no additional contingent liabilities, related party transactions, or off-balance sheet exposures exist.