Company Number: 14812389

Analysis Date: 2025-07-29 14:06 UTC

1. Risk Rating: HIGH
   The company exhibits significant liquidity concerns and negative working capital despite being newly incorporated. The net current liabilities position and minimal cash balance suggest a high risk of solvency issues in the near term.

2. Key Concerns:

• Net current liabilities of £3,086 against very low current assets (£1,299) and cash (£53), indicating potential cash flow difficulties.
• Single director and sole shareholder structure with all control concentrated in one individual, which may increase operational and governance risk.
• Newly incorporated (less than 1 year) with no trading history or profit and loss information disclosed, limiting insight into business sustainability and revenue generation.

3. Positive Indicators:

• Tangible fixed assets of £11,964, primarily motor vehicles, indicating some capital investment supporting business operations.
• No overdue filings for accounts or confirmation statements, showing compliance with statutory requirements to date.
• Director confirms going concern basis with expectation of continuing operations, supported by director’s experience in the industry (long distance lorry driver).

4. Due Diligence Notes:

• Investigate the nature of the company’s financing arrangements or credit facilities that support the going concern assumption despite negative net working capital.
• Obtain management accounts or cash flow projections to assess operational cash flow generation and ability to meet short-term liabilities.
• Review director’s background and capacity to manage and grow the business given sole control and limited disclosed financial history.
• Clarify the customer base and contracts in place supporting revenue recognition to understand sustainability of turnover.
• Monitor future filings for evidence of improved liquidity or capital injections.