Company Number: 12485610

Analysis Date: 2025-07-29 20:17 UTC

1. Risk Rating: MEDIUM
   The company shows a positive net asset position and net current assets as of the latest accounts, indicating solvency. However, there are some fluctuations and relatively small absolute asset values, which combined with limited financial disclosure typical for micro-entity accounts, suggest moderate caution.

2. Key Concerns:

• Volatility in Net Current Assets: The company’s net current assets swung from negative £2,293 in 2023 to positive £723 in 2024, indicating possible working capital management or cash flow issues in recent periods.
• Small Scale and Limited Asset Base: Fixed assets and total net assets remain very low (under £4,000 and £1,500 respectively), which may limit resilience to operational shocks or unexpected expenses.
• No PSC Information Provided: The absence of declared persons with significant control could indicate incomplete transparency regarding ownership, which may pose governance concerns.

3. Positive Indicators:

• Solvent Balance Sheet: The company’s net assets improved to £1,471 in 2024 from a negative position in 2023, reflecting recovery or better financial management.
• Filing Compliance: The company is current with both accounts and confirmation statement filings, indicating regulatory compliance and good governance discipline.
• Stable Workforce: The average number of employees remained stable at four, suggesting operational consistency.

4. Due Diligence Notes:

• Verify the causes behind the large swings in current liabilities and net current assets between 2023 and 2024 to assess stability of working capital and cash flows.
• Confirm the identity and control structure of significant owners or PSCs to clarify governance and potential risks related to ownership concentration or control.
• Review the company’s revenue streams, profitability, and cash generation capabilities beyond balance sheet data, as micro-entity accounts provide limited insight into operational performance.