Company Number: 15161770

Analysis Date: 2025-07-20 18:58 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets (-£1,238) in its first financial period, indicating insolvency on a balance sheet basis. Current liabilities exceed current assets by a wide margin, suggesting liquidity stress. Lack of trading history and absence of employees compound operational risk.

2. Key Concerns:

• Negative net assets and net current liabilities at period end imply inability to cover short-term obligations from existing assets.
• No fixed assets or cash reserves reported, only £68 in current assets against £1,306 liabilities.
• Zero employees and no revenue data raise questions about operational viability and business sustainability.

3. Positive Indicators:

• The company is newly incorporated (Sep 2023) and has timely filed accounts and confirmation statements, showing compliance with statutory obligations.
• Ownership and control are concentrated with a single director and shareholder, potentially allowing agile decision-making.
• The company operates in software development (SIC 62012), an industry with growth potential.

4. Due Diligence Notes:

• Investigate the nature and maturity of current liabilities—are these loans, trade payables, or other debts?
• Clarify business model, revenue generation plans, and funding sources given the absence of employees and operating assets.
• Confirm whether there are any related party transactions or director loans underpinning the liability position.
• Review subsequent filings and trading updates to assess if financial position has improved post reporting date.