Company Number: 13431957

Analysis Date: 2025-07-29 20:26 UTC

1. Risk Rating: HIGH
   The company’s financial information indicates extremely limited assets and operational scale, combined with overdue financial accounts filings, raising significant concerns about solvency, liquidity, and governance.

2. Key Concerns:

• Minimal Financial Resources: Current assets of only £14 and net assets of £114 as of June 2023 suggest a lack of substantive working capital or reserves to meet financial obligations.
• Overdue Accounts Filing: The accounts for the year ending June 2023 are overdue, which may lead to regulatory penalties and suggests potential compliance or operational difficulties.
• Operational Scale and Sustainability: The company has only one employee and no fixed assets, indicating minimal business activity and uncertain long-term operational viability.

3. Positive Indicators:

• Active Status and Recent Confirmation Statement: The company is active and has filed a confirmation statement as recently as July 2024, indicating ongoing compliance with basic statutory requirements.
• Stable Director Appointment: The sole director has been in place since incorporation, indicating some continuity in leadership.
• Micro-Entity Reporting: Filing under micro-entity provisions reduces complexity and cost of reporting, which may be appropriate given the company’s size.

4. Due Diligence Notes:

• Investigate the cause of the overdue accounts filing and whether the company has faced any regulatory enforcement or penalties.
• Assess the company’s business model and revenue streams to determine how it intends to generate sufficient cash flow to sustain operations.
• Confirm whether there are any undisclosed liabilities or contingent risks not reflected in the limited filed accounts.
• Review director background for any regulatory or conduct issues given the high risk profile from financials.
• Consider requesting management accounts or bank statements for more recent insight into liquidity and trading performance.