Company Number: 13476768

Analysis Date: 2025-07-29 14:23 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant solvency concerns with net current liabilities of £488 as of June 2024, a drastic deterioration from previous years. Shareholders’ funds are deeply negative (£490), indicating an erosion of equity. The large creditor balance owed to group undertakings (£492) suggests dependence on related parties for funding, raising liquidity and operational stability risks.

2. Key Concerns:

• Solvency risk: The company’s net current liabilities and negative shareholders’ funds highlight a critical inability to meet short-term obligations from existing assets.
• Liquidity concerns: Minimal cash on hand (£1) combined with large amounts owed to group undertakings present potential cash flow constraints and reliance on intra-group financing.
• Operational sustainability: No employees reported, minimal turnover data, and being classified as a holding company with investments in group undertakings raise questions about the company’s operational independence and revenue-generating capacity.

3. Positive Indicators:

• The company is current with all statutory filings, including accounts and confirmation statements, indicating compliance with regulatory requirements.
• The company is a holding entity, which may imply limited direct operational risk if underlying subsidiaries are financially stable.
• Directors and persons with significant control appear consistent and transparent, with no publicly disclosed disqualifications or governance issues.

4. Due Diligence Notes:

• Investigate the financial health and cash flow status of the group undertakings to which the company owes £492, as these intercompany balances may be critical to the company’s solvency and liquidity.
• Review the nature of the company’s investments classified as "shares in group undertakings" (£2) to assess the recoverability and valuation of these assets.
• Confirm if there are any contingent liabilities or off-balance-sheet exposures not apparent in the accounts.
• Understand the business purpose and future plans of the company given the lack of employees and operating activities, and assess if there is external support or restructuring underway.