Company Number: 13093189

Analysis Date: 2025-07-20 19:13 UTC

1. Risk Rating: HIGH
   The company exhibits sustained net liabilities and negative shareholders' funds over multiple years, with current liabilities exceeding current assets. Cash balances remain very low, indicating an inability to cover short-term obligations comfortably.

2. Key Concerns:

• Solvency Risk: Net liabilities of £438 at year-end 2023 and negative shareholders’ funds indicate insolvency at the balance sheet date, raising questions about the company’s ability to meet long-term obligations.
• Liquidity Concerns: Cash on hand is minimal (£1,696), and net current liabilities remain negative (-£438), suggesting ongoing cash flow constraints and potential difficulty in meeting immediate liabilities, including director loans.
• Operational Stability: The company has reported zero employees and continues to report losses, indicating limited operational activity or revenue generation, which threatens sustainability.

3. Positive Indicators:

• Compliance: The company is current with all statutory filing requirements, including accounts and confirmation statements, with no overdue filings, which reflects good governance in this area.
• No Indication of Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership.
• Director Continuity: The sole director has been in place since incorporation, suggesting stable leadership.

4. Due Diligence Notes:

• Investigate the nature of the director loans and repayment plans, as these represent a significant portion of current liabilities.
• Understand the company’s business model and revenue generation strategy given zero employees and ongoing losses.
• Review any off-balance sheet liabilities or contingent risks not reflected in the accounts.
• Assess the director’s capability and intentions to recapitalize or restructure the business to address negative net assets.
• Confirm whether there are any related party transactions or guarantees that may impact financial risk.