Company Number: 14460470

Analysis Date: 2025-07-29 14:25 UTC

1. Risk Rating: HIGH
   The company shows negative net assets (-£3,095) as of the latest financial year, indicating insolvency on a balance sheet basis. While current assets exceed current liabilities, significant accruals and deferred income reduce total net assets below zero. The company is newly incorporated and has limited financial history, increasing uncertainty.

2. Key Concerns:

• Negative Net Assets and Shareholders' Funds: The company reported net liabilities of £3,095 despite positive net current assets, signaling financial distress or accumulated losses.
• Significant Accruals and Deferred Income (£5,900): This liability may represent unearned income or expenses accrued; the high level relative to assets could impact future cash flows and operational liquidity.
• Limited Operational History and Scale: Incorporated in late 2022, with only one employee, and micro-entity classification, the company lacks a track record to demonstrate sustainable operations or profitability.

3. Positive Indicators:

• Current Assets Exceed Current Liabilities: Positive net working capital (£2,439) suggests the company can cover short-term obligations in the immediate term.
• No Overdue Filings: Accounts and confirmation statements are filed on time, indicating compliance with statutory requirements.
• Single Director and PSC Alignment: Control is consolidated with one director and person with significant control, reducing governance complexity.

4. Due Diligence Notes:

• Investigate the nature and timing of accrued liabilities and deferred income to assess cash flow risks.
• Review detailed profit and loss accounts and cash flow statements (not currently available) to understand operational performance and liquidity trends.
• Confirm ongoing trading status and any external funding or director loans supporting solvency.
• Assess contracts or revenue sources underlying the accruals and deferred income balances to evaluate business sustainability.