Company Number: 13142390

Analysis Date: 2025-07-29 14:53 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns due to very high current liabilities relative to minimal net assets and negative net current assets over multiple years.

2. Key Concerns:

• Persistent negative net current assets (working capital deficiency of approx. £1.13 million) indicating an inability to cover short-term liabilities from current assets.
• Current liabilities exceeding £1.12 million while total equity remains negligible (£915 in 2024) reflecting poor capitalization and financial fragility.
• The company operates solely as a holding entity with investments (£1.127 million) but no reported employees or operational revenue, raising sustainability and cash flow risk.

3. Positive Indicators:

• Timely filing of accounts and confirmation statements with no overdue filings, demonstrating compliance with statutory requirements.
• Directors have stated adoption of going concern basis, which suggests some confidence in ongoing support or resources.
• Share capital of £2,500 is consistent and stable with no indication of dilution or distress equity measures.

4. Due Diligence Notes:

• Investigate the nature and terms of the £864,914 owed to group undertakings to assess the risk of intercompany liabilities and potential for repayment or restructuring.
• Assess the underlying assets represented by the fixed asset investment of £1.127 million for impairment risk and their liquidity value.
• Review directors’ plans or external support arrangements that justify the going concern assertion despite poor working capital position.
• Confirm if there are any contingent liabilities or off-balance sheet risks not disclosed in the accounts.