Company Number: 13476923

Analysis Date: 2025-07-29 15:06 UTC

1. Risk Rating: HIGH
   The company shows a negative net current asset position in its latest financial year (2024), indicating current liabilities exceed current assets. This suggests potential liquidity issues and difficulty meeting short-term obligations. Additionally, there is a sharp deterioration from positive net current assets and net assets in previous years to a net liability position, which is concerning for solvency.

2. Key Concerns:

• Negative net current assets (£-4,606) as of 30 June 2024, indicating immediate liquidity risk.
• Rapid decline in net assets from £4,246 in 2023 to a net liability position in 2024, reflecting potential operational or financial distress.
• No employees reported, which may indicate limited operational capacity or reliance on contractors; raises questions on sustainability and business model viability.

3. Positive Indicators:

• The company is currently active with no overdue filings, demonstrating compliance with Companies House obligations.
• Shareholders funds remain positive historically, and ownership is clearly split between two individuals with significant control, suggesting stable governance structure.
• Industry classifications in sports/recreation education and event catering suggest diversified potential revenue streams within niche markets.

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 working capital management to assess whether the company can sustain operations without additional financing.
• Clarify business model and operational setup given zero employees reported; understand reliance on third parties or contracts.
• Verify any contingent liabilities or off-balance-sheet obligations that could exacerbate financial risk.
• Confirm the director’s background and capacity to manage turnaround or growth given the current financial position.