Company Number: 14866912

Analysis Date: 2025-07-20 14:27 UTC

1. Risk Rating: MEDIUM
   The company is newly incorporated (May 2023) with a very modest net asset base (£726) and minimal working capital. While it is not currently overdue on filings and appears compliant, the low net assets relative to current liabilities and limited operational history imply a moderate solvency and liquidity risk.

2. Key Concerns:

• Thin financial buffer: Net current assets are positive but only marginally (£726), indicating limited capacity to absorb shocks or cover short-term liabilities comfortably.
• High current liabilities relative to assets: Creditors within one year total £13,378 versus total current assets of £14,104, with significant tax/social security liabilities (£5,004).
• No employees and early stage: The company has no recorded employees and is in its first financial period, which increases operational risk due to lack of track record and potentially unproven business model.

3. Positive Indicators:

• Compliance and governance: No overdue accounts or confirmation statements, indicating good regulatory compliance to date.
• Ownership and control: Single director and 100% shareholder control by James Kah Choon Dash simplifies decision-making and accountability.
• Stock management: Stock valued at £8,263 suggests some inventory held, which may support ongoing trading activity.

4. Due Diligence Notes:

• Review detailed cash flow forecasts and funding plans to understand liquidity management and ability to meet liabilities.
• Investigate the nature of the tax and social security creditors to confirm timing and likelihood of payment or potential liabilities.
• Assess business model viability, sales pipeline, and customer base given the retail internet/mail order SIC code and lack of employees.
• Confirm director’s background and financial support capabilities given sole control and responsibility.
• Monitor future filings and financial updates closely to track operational progress and financial health.