Company Number: 13146940

Analysis Date: 2025-07-29 15:04 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position and significant long-term liabilities exceeding its total assets, indicating solvency concerns. The substantial increase in fixed assets accompanied by large creditors falling due after more than one year suggests reliance on external financing, raising financial risk.

2. Key Concerns:

• Negative Shareholders’ Funds: The net assets turned negative (£-108) as of the latest accounts, signaling that liabilities exceed assets and potential insolvency risk.
• High Long-Term Creditors: Creditors due after more than one year (£436,947) represent a significant obligation relative to the company’s asset base, which may strain future cash flows.
• Lack of Revenue and Operational Data: No turnover, profit and loss figures, or employees reported, combined with no P&L account filed, limit visibility on operational performance and sustainability.

3. Positive Indicators:

• Current Assets Include Cash: While cash has decreased substantially from £326,948 to £34,369, the presence of some liquidity is a positive sign.
• No Overdue Filings: Accounts and confirmation statements are up to date, indicating compliance with statutory filing requirements and good governance in this respect.
• Experienced Sole Director and PSC: The director and controlling shareholder are the same individual, which may facilitate swift decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors to assess refinancing risk and potential covenant breaches.
• Review detailed operational data, including any revenue streams, contracts, or development projects, to evaluate business sustainability.
• Obtain management accounts or cash flow forecasts to understand liquidity trends since the last filing.
• Clarify why profit & loss accounts were not filed and request audited or full accounts if available.
• Assess director’s plans to restore positive net asset value or restructure liabilities.