Company Number: 13527930

Analysis Date: 2025-07-20 17:47 UTC

1. Risk Rating: HIGH
   The company shows significant negative equity and net current liabilities, with minimal cash reserves relative to current liabilities, indicating elevated solvency and liquidity risks.

2. Key Concerns:

• Persistent negative shareholders’ funds worsening from -£6,393 (2023) to -£7,416 (2024), signifying accumulated losses and erosion of capital.
• Net current liabilities of approximately -£66,733 (2024), with only £666 cash on hand against £67,399 short-term creditors, suggesting potential cash flow difficulties to meet immediate obligations.
• Lack of employees and minimal operational data, combined with no turnover or income statement disclosure, raises concerns about operational sustainability and revenue generation.

3. Positive Indicators:

• The company holds tangible fixed assets valued at £59,318, which could provide collateral value or be leveraged for financing.
• Compliance with filing deadlines for both accounts and confirmation statements, indicating regulatory adherence and no filing penalties.
• The company's ownership is consolidated under Wigwell Holdings Ltd, which may indicate backing by a parent entity providing potential support.

4. Due Diligence Notes:

• Investigate the nature and realizability of tangible fixed assets and whether they generate income or are encumbered.
• Obtain detailed profit and loss information and cash flow statements to assess operational performance and sources of losses.
• Assess the company's ability and plans to resolve the negative net asset position, including any capital injections or debt restructuring.
• Review any intercompany transactions or related-party loans, especially given the PSC structure and parent company control.
• Confirm absence of director disqualifications or governance issues beyond public records.