Company Number: 13043882

Analysis Date: 2025-07-29 14:18 UTC

1. Risk Rating: MEDIUM
   The company demonstrates solvency challenges with negative net current assets in the latest year and minimal share capital. However, it remains active, up to date on filings, and has steadily increased net assets over recent years, which mitigates immediate high risk.

2. Key Concerns:

• Negative net current assets (£-3,523) in the latest financial year indicate potential liquidity issues and an inability to cover short-term liabilities from current assets.
• Minimal share capital (£1) and absence of employees suggest limited operational scale and financial buffer.
• Reliance on a single director and sole significant controller (75-100% ownership) could imply governance concentration risk.

3. Positive Indicators:

• Company is active, compliant with filing deadlines, and has not missed statutory accounts or confirmation statements.
• Total assets less current liabilities improved from £531 in 2023 to £1,373 in 2024, indicating some balance sheet strengthening.
• The company has tangible fixed assets (£4,896 in 2024), which may provide some asset backing beyond current assets.

4. Due Diligence Notes:

• Investigate the nature of current liabilities and whether any short-term debts are overdue or subject to enforcement.
• Review cash flow statements and bank balances to assess liquidity beyond the balance sheet snapshot.
• Clarify the business model and revenue generation capability given zero employees and small asset base.
• Confirm any related party transactions or director loans that may impact financial stability.
• Assess plans for capital injection or operational expansion to improve working capital position.