Company Number: 13547236

Analysis Date: 2025-07-29 19:16 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position (£-5,684) as of 31 August 2024, indicating insolvency on a balance sheet basis. Current liabilities significantly exceed current assets, highlighting a liquidity shortfall. The absence of employees and minimal asset base suggest very limited operational activity.

2. Key Concerns:

• Solvency: The negative net assets position and total current liabilities of £6,029 versus current assets of only £345 raise immediate solvency concerns.
• Liquidity: The large creditor balance due within one year with almost no current assets implies potential cash flow difficulties to meet short-term obligations.
• Operational Sustainability: No employees and minimal asset base point to a lack of ongoing trading or business operations, questioning the company’s long-term viability.

3. Positive Indicators:

• Compliance: The company has filed accounts and confirmation statements on time, with no overdue filings or regulatory breaches noted.
• Ownership Structure: Presence of three significant control persons with equity stakes may provide avenues for recapitalization or support.
• Exemption Usage: The company rightly qualifies and uses micro-entity accounting provisions, reducing administrative burdens.

4. Due Diligence Notes:

• Investigate the nature of the current liabilities - who are the creditors and what are the repayment terms?
• Clarify the company’s business activities and revenue generation status given the zero employees and low asset base.
• Review director intentions and plans to address the negative net asset position and liquidity gap.
• Confirm if any intercompany loans or related party transactions impact the balance sheet figures.
• Assess if there is any pending litigation or contingent liabilities not disclosed in the micro-entity accounts.