Company Number: 13177845

Analysis Date: 2025-07-20 15:58 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant negative net current assets (liabilities) as of the latest accounts, indicating an inability to cover short-term debts with available current assets. This points to solvency issues and financial distress despite no overdue filings or formal insolvency proceedings.

2. Key Concerns:

• Negative net current assets of £25,517 at 31/12/2023, worsening from £11,854 deficit earlier in 2023, signaling deteriorating liquidity and potential difficulty meeting obligations.
• Very minimal current assets (£528) relative to current liabilities (£26,045), highlighting potential cash flow constraints.
• Very low share capital (£1.00) and micro-entity status limit financial flexibility and may indicate undercapitalization.

3. Positive Indicators:

• The company is active with no overdue statutory filings, indicating compliance with Companies House requirements.
• Single director with 75-100% ownership suggests clear control and decision-making.
• The company has demonstrated growth in net liabilities, which may reflect ongoing investment or transition phases typical in early-stage businesses.

4. Due Diligence Notes:

• Investigate the nature and maturity of current liabilities to assess immediate solvency risks.
• Understand the business model and revenue generation capacity given the SIC code for real estate management on a fee basis.
• Review cash flow statements if available to confirm liquidity trends and sources of funding.
• Clarify the reasons for multiple recent name changes and their impact on business operations or strategy.
• Assess any related party transactions or director loans that may affect financial stability.