Company Number: 14296262

Analysis Date: 2025-07-29 20:06 UTC

1. Risk Rating: HIGH
   The company shows a significant deterioration in financial position in the latest year, with net current liabilities of £19,853 and total net liabilities of the same amount, indicating potential insolvency or immediate liquidity issues.

2. Key Concerns:

• Negative Net Current Assets: The company moved from a positive net current asset position of £44,490 in 2023 to a negative position of £19,853 in 2024, signaling liquidity stress and potential inability to meet short-term obligations.
• Diminished Asset Base: Current assets dropped sharply from £91,274 to £33,090 within one year without any fixed assets, suggesting depletion of working capital or cash reserves.
• Small Share Capital and Micro Entity Status: With only £4 in share capital and micro-entity filing status, the financial buffer is minimal, increasing vulnerability to operational or market shocks.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has submitted accounts and confirmation statements on time, showing good regulatory compliance.
• Active Status and Ongoing Operations: The company is active, with a well-defined specialist medical practice (SIC 86220) and an operational website, indicating ongoing business activities.
• Experienced Directors: Both directors are paramedics, which aligns with the specialist medical practice nature of the company and may support operational expertise.

4. Due Diligence Notes:

• Investigate reasons behind the sharp decline in current assets and increase in current liabilities between 2023 and 2024.
• Review cash flow statements and any off-balance sheet liabilities or contingent liabilities not disclosed in micro-entity accounts.
• Assess the nature of creditors and payment terms to understand liquidity pressures and whether the company has access to additional financing or credit facilities.
• Confirm no director disqualifications or governance issues beyond the available data.
• Evaluate the business model sustainability given the small capital base and financial stress signals.