Company Number: 14525938

Analysis Date: 2025-07-20 13:57 UTC

1. Risk Rating: HIGH
   The company shows a negative net asset position and net current liabilities, indicating significant solvency risks. The absence of employees and minimal cash balances further exacerbate liquidity and operational viability concerns.

2. Key Concerns:

• Negative Net Assets: The balance sheet reveals net assets of -£5,585, implying the company’s liabilities exceed its assets and it is technically insolvent.
• Lack of Operating Activity: The company reported zero employees and minimal cash (£2,168), suggesting limited or no trading activity during the first financial year.
• Debtors with Negative Value: The accounts show debtors as -£7,753, which is unusual and may indicate accounting anomalies or errors impacting financial reliability.

3. Positive Indicators:

• Compliance with Filing Obligations: The company is up to date with both accounts and confirmation statement filings, indicating adherence to regulatory requirements.
• Single Shareholder Control: The sole director and 100% shareholder, Mr. Joaquim Semiao De Vasconcelos, provides a clear governance structure without apparent complexity.
• Industry Classification: The company operates in recognized construction-related SIC codes (electrical installation, plumbing, specialized construction), suggesting a defined market sector.

4. Due Diligence Notes:

• Verify the nature and reason for the negative debtor balance to understand if this is a reporting error or relates to refunds, prepayments or other adjustments.
• Assess current trading status and future business plans given no employees and minimal operational scale in the first year.
• Review cash flow projections and funding arrangements to evaluate short-term liquidity and ability to meet obligations.
• Confirm director’s financial support or guarantees given the negative equity position.
• Investigate any contingent liabilities or off-balance sheet exposures that might impact solvency.