Company Number: 14772337

Analysis Date: 2025-07-29 17:44 UTC

1. Risk Rating: HIGH
   The company exhibits immediate solvency concerns with net current liabilities and negative net assets as of the latest financial year end. Being newly incorporated in 2023 and reporting minimal financial activity with no employees further elevates operational risks.

2. Key Concerns:

• Negative net current assets: Current liabilities (£200) exceed current assets (£178), resulting in net current liabilities of £22, indicating potential difficulties in meeting short-term obligations.
• Negative net assets and reserves (-£22) suggest the company is technically insolvent at balance sheet date, which raises concerns about its financial stability.
• No employees and limited financial data due to micro-entity status restrict insight into operational sustainability and business model viability.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating adherence to statutory requirements.
• Clear governance structure with three directors appointed, two of whom have significant control and rights to appoint/remove directors, indicating defined leadership.
• No overdue filings or indications of regulatory non-compliance or governance issues as of the latest data.

4. Due Diligence Notes:

• Investigate the nature of current liabilities and whether they are trade creditors, loans, or other obligations to assess immediacy and risk of default.
• Request management accounts or cash flow forecasts to determine liquidity outlook beyond the micro-entity accounts snapshot.
• Clarify business activities and revenue generation plans given the lack of employees and minimal asset base to understand operational viability.
• Review director backgrounds and their involvement in the company to assess governance strength and capacity to manage turnaround if needed.