Company Number: 15113756

Analysis Date: 2025-07-20 14:01 UTC

1. Risk Rating: HIGH
   The company shows net liabilities and negative shareholders' funds shortly after incorporation, indicating potential solvency concerns from the outset.

2. Key Concerns:

• Negative Net Assets: The balance sheet at the first year-end (2024-09-30) reports net liabilities of £1,206, suggesting the company’s obligations exceed its assets.
• Lack of Operating Activity: No employees and minimal financial data imply limited or no operational revenue generation to support liabilities.
• Single Shareholder Control: 100% ownership and control by one individual increases concentration risk and potential governance issues.

3. Positive Indicators:

• Current Filing Compliance: The company has filed its accounts and confirmation statement on time, indicating adherence to regulatory requirements.
• Micro-Entity Status: The small scale reduces regulatory complexity and reporting burden.
• No Indication of Insolvency Proceedings: The company is active and not in liquidation or administration.

4. Due Diligence Notes:

• Investigate the nature and cause of the negative net assets shortly after incorporation — is this due to start-up costs, shareholder loans, or other liabilities?
• Confirm if the company has any trading activity or income streams planned or ongoing, given the zero employees and micro-entity status.
• Review the background and financial capacity of the sole director and shareholder, Mr. Daki Zogu, to support the company financially if required.
• Assess any related party transactions or loans that may not be evident in the limited accounts.
• Verify if the registered office address discrepancy (between overview and notes) affects governance or operational transparency.