Company Number: 13275559

Analysis Date: 2025-07-20 16:06 UTC

1. Risk Rating: HIGH
   The company demonstrates persistent net current liabilities over multiple years, indicating a consistent working capital deficit. The net assets and shareholders' funds are minimal and declining, which raises significant solvency concerns. The absence of employees suggests limited operational activity, which may impair the company’s ability to generate sufficient cash flow to meet obligations.

2. Key Concerns:

• Negative Working Capital Position: Net current liabilities of £39,893 as of 31 March 2024 (improvement from prior years but still negative), reflecting liquidity stress and potential difficulties in settling short-term obligations.
• Minimal Equity Base: Shareholders' funds stand at only £252 at the latest year end, down from £1,339 previously, indicating erosion of capital and limited financial buffer.
• Lack of Operational Scale: No employees recorded, which may suggest limited business operations or reliance on contractors, potentially affecting sustainable revenue generation and cash inflows.

3. Positive Indicators:

• Cash Reserves Increased: Cash at bank rose from £34,447 to £43,371 year-on-year, which may provide a short-term cushion for liquidity management.
• Timely Filing Compliance: No overdue filings for accounts or confirmation statements, reflecting management’s attention to regulatory compliance.
• Ownership and Control Transparency: The sole controlling party is clearly identified with full ownership and voting rights, facilitating direct oversight and decision-making.

4. Due Diligence Notes:

• Examine Details Behind Current Liabilities: Understand the nature of "Other creditors" (£78,585) and taxation liabilities (£26,679) to assess timing, priority, and risk of default.
• Review Revenue Generation and Business Model: Confirm actual trading activity given no employees and the SIC code indicating "Other service activities not elsewhere classified," which is broad and non-specific.
• Investigate Management Plans: Ascertain strategies to improve liquidity and solvency, including capital injections, debt restructuring, or operational changes.
• Check for Contingent Liabilities or Off-Balance Sheet Obligations: Not apparent from accounts but critical given weak financial position.