Company Number: 14488402

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

1. Risk Rating: HIGH
   The company's financial position exhibits significant solvency and liquidity risks, primarily due to persistent and increasing net current liabilities substantially exceeding current assets. The micro-entity scale and absence of audit further limit financial transparency.

2. Key Concerns:

• Severe Net Current Liability Deficit: As of 31 October 2024, net current liabilities total approximately £247k against current assets of only £3.2k, highlighting acute short-term liquidity pressure.
• Rising Short-Term Creditors: Creditors due within one year have increased from £73.9k in 2023 to £250.1k in 2024, suggesting escalating reliance on short-term financing or unpaid obligations.
• Limited Operational Scale and Revenue Visibility: The company employs only 2 people and is categorized as a micro-entity, with no detailed revenue or cash flow disclosed, impeding assessment of business sustainability.

3. Positive Indicators:

• Growth in Fixed Assets: The company increased fixed assets from about £72k to £256k in the latest year, potentially indicating investment in property or equipment that may support future operations or asset-backed financing.
• No Overdue Filings: Both annual accounts and confirmation statements are up to date, demonstrating regulatory compliance and governance diligence.
• Experienced Directors with Relevant Occupations: The current directors have technical backgrounds (electricians), which may align with the property/real estate sector activities.

4. Due Diligence Notes:

• Obtain detailed management accounts or cash flow statements to clarify operational cash generation and short-term liquidity management.
• Review the nature and terms of current liabilities to assess risk of creditor action or refinancing needs.
• Investigate the business model and revenue streams to evaluate sustainability and growth prospects.
• Confirm the valuation and liquidity of fixed assets to understand their potential as collateral or saleable assets.
• Assess the background and financial standing of the controlling shareholders and directors for potential support or risk factors.