Company Number: 13786040

Analysis Date: 2025-07-20 16:38 UTC

1. Risk Rating: HIGH
   The company exhibits substantial net current liabilities and negative shareholders' funds, indicating severe solvency and liquidity concerns.

2. Key Concerns:

• Persistent negative net current assets (£159,499 deficit in 2023) and net liabilities position reflecting inability to cover short-term debts with current assets.
• Significant reduction in current liabilities from £531,820 in 2022 to £271,908 in 2023, but still at a high level relative to assets (£112,409 current assets in 2023).
• No employees reported in 2023 and disposal of all tangible fixed assets during the year, raising questions on operational sustainability and business activity levels.

3. Positive Indicators:

• Up-to-date statutory filings with no overdue accounts or confirmation statements, indicating regulatory compliance and governance discipline.
• Directors’ statement confirms preparation of accounts on a going concern basis supported by directors’ financial support, which may mitigate immediate insolvency risk.
• Reduction in current liabilities suggests some debt restructuring or repayment progress during the year.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities, especially the large “other creditors” balance (£208,541 in 2023), to assess repayment risk and creditor relationships.
• Clarify the operational model given zero employees and full disposal of fixed assets in 2023; determine if the company is trading, dormant, or relying on external management.
• Review directors’ support arrangements cited for going concern and confirm any formal or informal funding commitments.
• Assess cash flow forecasts and short-term liquidity management plans to understand the company’s ability to meet obligations going forward.
• Confirm absence of any director disqualifications or regulatory issues beyond Companies House filings.