Company Number: 12628021

Analysis Date: 2025-07-29 12:49 UTC

1. Risk Rating: MEDIUM
   W13 I LTD exhibits some early-stage financial indicators consistent with a micro-entity, but there are concerns related to its liquidity and scale of operations that warrant caution.

2. Key Concerns:

• Liquidity Position: Current liabilities total £3,000 against current assets of £3,202, leaving a very slim net working capital (£202). This tight liquidity buffer could pose challenges in meeting short-term obligations if cash inflows are delayed.
• Limited Operational Scale: The company is categorized as a dormant entity (SIC code 99999) yet reports minimal assets and employs only one person. This suggests limited trading activity or revenue generation, raising questions about operational sustainability.
• Director Turnover and Control: Two directors resigned in recent years, leaving one current director who also holds significant control (25-50% ownership). This concentration of control and prior director turnover may present governance risks.

3. Positive Indicators:

• Compliance and Filing: The company is up to date with its accounts and confirmation statement filings, with no overdue returns, indicating adherence to regulatory requirements.
• Positive Net Assets: Shareholders’ funds increased significantly from £2 in 2023 to £2,192 in 2024, reflecting some asset accumulation and a positive balance sheet movement.
• No Audit Exemption Reliance Issues: The company appropriately claims micro-entity exemptions and confirms no audit was required or requested, consistent with its size and structure.

4. Due Diligence Notes:

• Investigate the nature and source of the fixed assets (£2,400) and current assets (£3,202) to assess their liquidity and valuation accuracy.
• Clarify the company's business activities given the dormant SIC code, especially any recent or planned trading operations.
• Review the reasons behind director resignations and the implications for governance and management continuity.
• Examine cash flow statements or management accounts (if available) to better understand operational cash generation and working capital dynamics.
• Confirm whether there are any contingent liabilities or off-balance-sheet risks not disclosed in the accounts.