Company Number: 13018268

Analysis Date: 2025-07-20 12:24 UTC

1. Risk Rating: HIGH
   The company’s most recent accounts show net liabilities of £760 at year end, indicating its liabilities exceed assets. This negative net asset position is a key solvency concern for a micro-entity. Additionally, current liabilities of £4,000 exceed current assets of only £2,420, signaling liquidity risk.

2. Key Concerns:

• Negative net assets (shareholders’ funds) of -£760 as of November 2023, indicating insolvency on a balance sheet basis.
• Current liabilities (£4,000) outstrip current assets (£2,420), suggesting an inability to cover short-term obligations without additional financing.
• No employees and minimal fixed assets, which may indicate limited operational scale and potential challenges sustaining business operations or generating revenue.

3. Positive Indicators:

• The company remains active and has complied with filing deadlines for both accounts and confirmation statements, showing regulatory compliance.
• Share capital is present (£200), demonstrating some initial equity investment.
• The director’s report confirms accounts preparation in accordance with applicable micro-entity provisions, implying adherence to reporting standards.

4. Due Diligence Notes:

• Investigate the nature and timing of the £4,000 current liabilities to assess if they are overdue or subject to renegotiation.
• Review recent cash flow statements or bank statements (if available) to understand liquidity trends and operational cash generation.
• Clarify the business model and revenue streams given zero employees and minimal asset base, to assess operational sustainability.
• Confirm whether there are any contingent liabilities or off-balance-sheet obligations not disclosed.
• Assess director background and any potential related party transactions given the small management team.