Company Number: 13972397

Analysis Date: 2025-07-29 16:27 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated and has filed dormant accounts for the latest period, showing minimal financial activity. Historical data shows negative net assets and net current liabilities, indicating previous insolvency. The current net asset value is nominal (£1), which suggests no substantial capital or operational base. This raises significant concerns about solvency and operational viability.

2. Key Concerns:

• Solvency Risk: The company reported negative net assets (£-462) in prior years and only nominal equity (£1) in the latest dormant accounts, signaling a fragile financial foundation and potential inability to meet liabilities if they arise.
• Liquidity Concerns: Negative net current assets of £-1,762 in previous years indicate poor liquidity and inability to cover short-term obligations. The company is currently dormant, so there is no revenue or cash inflow to improve liquidity.
• Operational Stability: The company has no employees and has been dormant during the last accounting period, which suggests no active trading or business operations. There is a lack of evidence supporting sustainable business activity or revenue generation.

3. Positive Indicators:

• Compliance: The company is up to date with filing annual accounts and confirmation statements, with no overdue filings or penalties noted.
• Control and Governance: Single director and 100% owner Vivian Nampijja maintains clear and transparent control with no reported director disqualifications or governance issues.
• Company Status: The company is active and not in liquidation or administration, which indicates no formal insolvency proceedings are currently underway.

4. Due Diligence Notes:

• Investigate the reason for prior negative equity and whether these represent historical losses or accounting adjustments.
• Confirm the company’s business plan and timeline for resuming trading activities, including sources of funding or capital injections planned.
• Review any related party transactions or off-balance sheet arrangements not disclosed in dormant accounts.
• Validate the background and credibility of the sole director and shareholder to assess the likelihood of future capital support or operational management.
• Monitor upcoming account filings to detect any changes in company status or financial health.