Company Number: 15075411

Analysis Date: 2025-07-20 15:08 UTC

1. Risk Rating: HIGH
   The company shows significant solvency risk due to net current liabilities of £342,232 against current assets of only £6,024. Total net liabilities stand at £14,557 shortly after incorporation, indicating financial stress and potential inability to meet short-term obligations.

2. Key Concerns:

• Severe working capital deficiency: Current liabilities far exceed current assets, primarily due to £347,746 owed to group undertakings, which may pressure cash flows.
• Negative equity position: Shareholders’ funds are negative, suggesting the company is trading below its capital base and dependent on external support.
• Limited operational history and scale: Incorporated in August 2023 with only two employees, the company lacks a proven track record and scale, increasing operational risk.

3. Positive Indicators:

• Tangible fixed assets: The company holds significant tangible motor vehicle assets valued at £327,675 net, which could potentially be liquidated or leveraged.
• No overdue filings: The company has met all statutory filing deadlines, indicating good regulatory compliance.
• Clear ownership and control: Ownership is fully held by Clee Holdings Limited with directors aligned to the parent company, suggesting coordinated management.

4. Due Diligence Notes:

• Investigate the nature and terms of intra-group liabilities (£347,746 owed to group undertakings) to assess repayment expectations and risk of call on cash.
• Review cash flow forecasts and funding arrangements to confirm going concern assumption given the negative working capital.
• Assess the market value and liquidity of fixed assets (motor vehicles) and their role in supporting ongoing operations.
• Obtain further information on trading performance and contracts to evaluate revenue generation potential beyond the initial period.
• Confirm absence of director disqualifications or governance issues through background checks on directors Victoria Jane Lewis and Toby Peter Daniel Lewis.