Company Number: 15534934

Analysis Date: 2025-07-29 21:09 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities of £2,262 shortly after incorporation. Negative net current assets indicate an inability to cover short-term liabilities, posing immediate financial risk.

2. Key Concerns:

• Negative Net Assets and Working Capital: The balance sheet shows net liabilities and negative working capital, raising doubts about meeting obligations as they fall due.
• No Revenue or Profitability Data: Absence of profit and loss figures and zero employees suggest the company may not have commenced meaningful operations, affecting operational sustainability.
• Limited Financial History and Early Stage: Incorporated in March 2024 with only one set of accounts filed, limited data restricts assessment of business viability and growth prospects.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time, demonstrating regulatory compliance and governance discipline.
• Clear Ownership and Control: Two directors each hold significant shares and voting rights; transparency on persons with significant control is established.
• Micro Entity Reporting: Use of micro-entity accounting standards reflects appropriate scale and reporting simplicity for a new small business.

4. Due Diligence Notes:

• Investigate the cause of the initial net liabilities—whether due to start-up costs, intercompany loans, or other payables.
• Confirm the company’s business plan, funding sources, and cash flow projections to assess operational sustainability.
• Assess directors’ background and capacity to support the company financially or operationally during its early phase.
• Monitor subsequent filings for changes in financial position, especially improvements in liquidity or asset base.
• Clarify whether any related party transactions or loans exist that impact the balance sheet position.