Company Number: 14378841

Analysis Date: 2025-07-29 16:39 UTC

1. Risk Rating: HIGH
   The company's financial position indicates extremely limited net assets (£1 as of 2024) after consecutive years of negative net assets and shareholder funds, reflecting a precarious solvency position. The minimal working capital and negligible asset base raise significant concerns about the company’s ability to meet obligations and sustain operations.

2. Key Concerns:

• Solvency and Net Asset Deficiency: The company showed negative net assets in both 2022 and 2023, only marginally improving to £1 in 2024, which is effectively negligible and signals undercapitalization and potential insolvency risk.
• Liquidity Constraints: Current assets barely cover current liabilities (£1,748 vs £1,747 in 2024), indicating extremely tight liquidity with virtually no buffer for operational expenses or unexpected costs.
• Operational Sustainability: With only one employee and no significant asset base, the company appears very small with limited operational scale, which may constrain its ability to generate sufficient revenue or withstand financial stress.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, demonstrating regulatory compliance and governance discipline.
• Clear Ownership and Management: Full control by a single director and shareholder (Mr Chandler John Wiltsher) simplifies decision-making and accountability.
• Micro-entity Reporting: The company’s use of micro-entity accounting standards reflects a low complexity structure suitable for its size, which reduces administrative burdens.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to assess their immediacy and risk of enforcement.
• Review the company’s business plan and cash flow projections to understand how it intends to improve its financial position and generate sustainable profits.
• Clarify the company’s revenue streams, contracts, and client base given its SIC code (construction of roads and motorways) which typically requires substantial capital and operational scale.
• Confirm that there are no undisclosed contingent liabilities or off-balance sheet obligations.
• Assess the background and capacity of the sole director to manage and finance the business effectively.