Company Number: 12987685

Analysis Date: 2025-07-29 17:27 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with persistent net liabilities and negative shareholders’ funds. Limited current assets relative to current liabilities indicate liquidity stress. The absence of employees and minimal operational data raise questions about ongoing business viability.

2. Key Concerns:

• Negative Net Assets: The company reported net liabilities of £7,312 at the latest year-end, improving slightly from £10,532 but still indicating undercapitalization.
• Liquidity Mismatch: Current liabilities (£10,040) far exceed current assets (£2,728), implying potential difficulties in meeting short-term obligations.
• Operational Inactivity: Zero employees in the latest year and micro-entity status suggest minimal business activity, which may impact sustainability and revenue generation.

3. Positive Indicators:

• Timely Compliance: The company is up to date with accounts and confirmation statement filings, indicating good regulatory compliance.
• No Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership, which is a positive governance signal.
• Improvement in Net Liabilities: A reduction in net liabilities from £10,532 to £7,312 suggests some financial improvement, albeit still negative.

4. Due Diligence Notes:

• Financial Details: Obtain management accounts or cash flow statements to assess liquidity beyond the year-end snapshot.
• Business Model Viability: Clarify the company’s revenue streams and client base given the lack of employees and its classification under multiple SIC codes including travel agency and real estate activities.
• Director and PSC Information: Investigate the background and financial capacity of directors and persons with significant control to understand support mechanisms for the company.
• Contingent Liabilities: Check for any off-balance-sheet liabilities or guarantees that may exacerbate financial risk.
• Future Plans: Review any strategic plans or capital injections intended to restore solvency and operational capacity.