Company Number: 13525845

Analysis Date: 2025-07-20 14:17 UTC

1. Risk Rating: HIGH
   The company shows a very limited asset base and minimal net assets, with a significant creditor balance due after more than one year. This indicates potential solvency risks, especially given the micro-entity scale and the limited financial information available.

2. Key Concerns:

• Low Net Assets and Shareholders’ Funds: Net assets stand at only £119, which is minimal and raises concerns about the company’s capital adequacy and ability to absorb losses.
• Long-Term Creditors of £500: The presence of creditors falling due after more than one year at £500 against very low current assets may indicate potential gearing or reliance on external financing that could pressure liquidity or solvency.
• Limited Financial and Operational Data: The latest financials are from the year ending July 2022; no updated figures for 2023 or 2024 are available, limiting the assessment of current performance or cash flow dynamics.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance and good governance in respect to statutory deadlines.
• Active Status and No Liquidation: The company remains active and is not undergoing liquidation or administration, which is positive from an operational continuity perspective.
• Established Directors and PSC: The presence of a majority shareholder/director with full control may provide clear decision-making and accountability.

4. Due Diligence Notes:

• Verify the nature and terms of the £500 creditors due after more than one year to understand contingent liabilities or financing arrangements.
• Obtain more recent financial statements or management accounts to assess current liquidity, profitability, and solvency status beyond July 2022.
• Review cash flow patterns, especially given the micro-entity scale, to determine if working capital is sufficient to meet short-term obligations.
• Investigate the reason for the resignation of one director in August 2023 and its impact on company governance or strategy.
• Explore the business model and client base under SIC code 71129 (Other engineering activities) to assess operational sustainability and market positioning.