Company Number: 14174274

Analysis Date: 2025-07-20 15:08 UTC

1. Risk Rating: MEDIUM
   The company demonstrates positive net assets and some tangible fixed assets; however, it exhibits a significant working capital deficit and reliance on creditors which raises moderate concerns about its short-term liquidity and ability to meet obligations.

2. Key Concerns:

• Negative Net Current Assets: The company shows net current liabilities of £43,458 as at 30 June 2024, indicating that current liabilities exceed current assets, which may challenge short-term liquidity.
• High Creditors Relative to Assets: Current liabilities (£123,965) and longer-term creditors (£28,396) are substantial compared to total assets, suggesting potential pressure on cash flows and creditor relationships.
• No Employees Reported: The company reports zero employees, which may indicate limited operational capacity or an outsourced model; this raises questions about operational scalability and stability.

3. Positive Indicators:

• Growing Asset Base: Fixed assets increased significantly from £39,375 to £97,924 year-on-year, reflecting investment in motor vehicles which aligns with its taxi operation SIC code, supporting operational capability.
• Shareholders’ Funds Positive and Increasing: Net assets increased from £10,235 to £26,070, reflecting some retained earnings or capital injections, which strengthens the balance sheet.
• Compliance with Filing Requirements: No overdue accounts or confirmation statements, suggesting good regulatory compliance and governance practices to date.

4. Due Diligence Notes:

• Review Cash Flow Statements: To better understand liquidity, cash flow patterns, and the ability to meet short-term liabilities, as the balance sheet shows a working capital deficit.
• Understand Creditor Composition: Investigate the nature and terms of current and non-current liabilities to assess refinancing risk or potential supplier pressure.
• Assess Business Model and Operations: Clarify how the company operates with no employees and how it generates revenue given its SIC codes in taxi operation and real estate; verify sustainability and growth prospects.
• Directors and PSCs Background: Although not explicitly flagged here, check for any director conduct or disqualification records to ensure governance standards.