Company Number: NI690812

Analysis Date: 2025-07-20 15:29 UTC

1. Risk Rating: HIGH

The company’s financial statements indicate significant solvency concerns, with reported net liabilities and negative shareholders’ funds. The balance sheet suggests that total liabilities exceed total assets, which is a critical red flag for investors.

2. Key Concerns:

• Negative Net Assets: The reported net assets (shareholders’ funds) show negative values (£-7,670 in 2024 and £-6,067 in 2023), indicating the company’s liabilities exceed its assets, a sign of insolvency risk.
• Creditor Obligations Exceed Assets: Creditors falling due after more than one year are recorded at £21,200 against current assets of only £13,530, highlighting a potential inability to meet long-term debt obligations.
• No Employees and Limited Operating History: With zero employees reported in 2024 and incorporation only in late 2022, the company lacks operational scale and track record, which may affect sustainability and ongoing viability.

3. Positive Indicators:

• Timely Filing and Compliance: The company is up to date with its annual accounts and confirmation statement filings with no overdue reports, demonstrating regulatory compliance.
• Micro-entity Accounting Compliance: The accounts have been prepared in accordance with micro-entity provisions, indicating appropriate accounting treatment for the company size.
• Active Status: The company remains active and not under liquidation, administration, or receivership.

4. Due Diligence Notes:

• Clarify Nature of Long-Term Creditors: Investigate the composition and terms of the £21,200 long-term creditors to assess repayment schedules and any restructuring plans.
• Examine Causes of Negative Equity: Review prior financial statements and directors’ reports (if available) to understand the factors contributing to negative net assets—losses, write-downs, or provisions.
• Assess Business Model and Revenue Streams: Given the lack of employees and limited asset base, further inquiry into the business operations, revenue generation, and plans for growth or capital injection is warranted.