Company Number: 14671308

Analysis Date: 2025-07-29 20:18 UTC

1. Risk Rating: LOW

The company appears financially stable with positive net current assets and shareholders' funds that have increased over the reporting periods. It is actively filing accounts and confirmation statements on time, indicating good regulatory compliance.

2. Key Concerns:

• Ongoing losses: The company has reported losses of £14,916 in the first period and £6,814 in the second, which may indicate challenges in achieving profitability.
• No employees: The company has reported zero employees in both periods, which raises questions about operational capacity and sustainability of ongoing business activities.
• Reliance on parent support: The going concern statement highlights financial support from the parent company and ultimate holding company, implying potential dependency on external funding for solvency.

3. Positive Indicators:

• Positive working capital: Cash balances exceed current liabilities, resulting in net current assets of £17,666 at the latest year-end.
• Increased equity: Share capital and total equity have increased from £8,689 to £17,666 within two years, reflecting capital injections by shareholders.
• On-time filings: Accounts and confirmation statements are filed within deadlines, demonstrating compliance with statutory requirements.
• Unqualified audit opinion: The auditor’s report is unqualified, providing assurance over the financial statements' accuracy.

4. Due Diligence Notes:

• Investigate the nature of ongoing losses and the company’s business model sustainability given no employees are reported.
• Confirm the extent and terms of financial support provided by the parent and ultimate holding company, including any contingent liabilities.
• Review operational plans or contracts to assess revenue generation capability and long-term viability without increasing losses.
• Verify accuracy and completeness of financial disclosures, especially the omission of income statement in annual accounts.