Company Number: 13826056

Analysis Date: 2025-07-20 13:39 UTC

1. Risk Rating: HIGH

   The company exhibits significant financial distress indicated by persistent negative net assets and net current liabilities, raising serious solvency and liquidity concerns.

2. Key Concerns:

   • Negative Net Assets: The company's net liabilities worsened from -£3,420 in 2023 to -£9,280 in 2024, indicating erosion of shareholder equity and an insolvent balance sheet position.
   • Working Capital Deficit: Net current liabilities increased to -£18,257 in 2024 from -£16,320 in 2023, suggesting ongoing difficulties meeting short-term obligations.
   • Limited Operational Scale: With only 1 employee (the director) and micro-entity status, the company may lack operational robustness and resources to improve financial performance.

3. Positive Indicators:

   • Compliance: The company is current on all statutory filings with no overdue accounts or confirmation statements.
   • Active Status & Website: It maintains an active status and has an operational website with contact details, which may support ongoing business activity.
   • Stable Leadership: The director and persons with significant control have consistent appointments since incorporation, providing governance continuity.

4. Due Diligence Notes:

   • Investigate the company’s cash flow and ability to meet creditors given persistent net current liabilities.
   • Clarify the nature of liabilities contributing to current creditors and any plans for restructuring or capital injection.
   • Review trading performance, revenue streams, and any contingent liabilities not reflected in the balance sheet.
   • Assess the director's plans for addressing negative equity and overall business viability.
   • Confirm no undisclosed director disqualifications or regulatory issues beyond publicly available data.