WEST LONDON CUSTOMS LTD

Executive Summary

WEST LONDON CUSTOMS LTD, a micro-entity incorporated in 2023, presents a high-risk profile due to negative net assets and current liabilities exceeding current assets, indicating solvency and liquidity challenges. The absence of employees and recent director resignation further question operational stability. While regulatory filings are current and ownership is transparent, significant due diligence is warranted to assess business viability and financial recovery plans.

WEST LONDON CUSTOMS LTD - Analysis Report

Company Number: 14837177

Analysis Date: 2025-07-29 16:09 UTC

1. Risk Rating: HIGH
   The company shows a significant negative net asset position (£-10,464) with current liabilities exceeding current assets by the same amount, indicating an immediate solvency concern. Being newly incorporated in 2023 and already reporting negative equity raises substantial risk that obligations cannot be met from existing resources.

2. Key Concerns:

• Negative net assets: Current liabilities (£10,995) far exceed current assets (£531), implying liquidity shortfall and inability to cover short-term debts.
• No employees reported: Zero headcount suggests minimal operational activity or early-stage development, questioning business sustainability.
• Recent director resignation: One of two directors resigned shortly after incorporation, potentially signaling internal management instability or governance issues.

3. Positive Indicators:

• No overdue filings: Accounts and confirmation statements are filed on time, demonstrating regulatory compliance so far.
• Clear ownership structure: Two directors with significant control are identified, providing transparency on control and decision-making.

4. Due Diligence Notes:

• Investigate the nature and maturity of liabilities to understand if these are trade payables, loans, or other obligations and their payment terms.
• Assess cash flow projections or funding plans to cover the current shortfall and improve liquidity.
• Clarify business model and operational plans given no employees and negative equity to evaluate sustainability prospects.
• Review reasons behind director resignation and impact on management continuity.