Company Number: 15111705

Analysis Date: 2025-07-20 11:23 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns with net liabilities reported and negative net current assets. The balance sheet shows total net assets of -£1,786, indicating the company’s liabilities exceed its assets. This financial position suggests an inability to meet obligations without external support or capital injection.

2. Key Concerns:

• Negative Net Assets: The company’s total net assets are negative (£-1,786), a clear insolvency indicator.
• Insufficient Current Assets: Current assets (£2,164) fall far short of current liabilities (£18,630), yielding a negative working capital position of £-16,466. This points to immediate liquidity issues.
• Very Recent Incorporation with Limited Operating History: Incorporated in September 2023, the company’s financial data covers less than a full year, limiting visibility on operational sustainability and cash flow generation.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, suggesting compliance with statutory requirements and good governance at this early stage.
• Sole Director and PSC is the Same Individual: Clear control and accountability with Mr Mohammed Asam Ifrahim acting as sole director and 100% shareholder, which can facilitate swift decision-making.
• Micro-entity Status: The company’s small scale and micro-entity reporting reduce complexity and overhead, potentially allowing for lean operations.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities (£18,630): Are these trade payables, loans, or other obligations? Assess terms and risk of default.
• Review business plan and cash flow forecasts to understand how the company intends to address its negative net asset position.
• Verify the source of fixed assets (£14,679) and whether they are encumbered or can be liquidated if needed.
• Assess the background and track record of the sole director, including any prior insolvency or disqualification records.
• Confirm the ongoing operational status and client base given the SIC code related to incidental land transportation services.