Company Number: 13556101

Analysis Date: 2025-07-20 15:27 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with net current liabilities and total net liabilities worsening substantially in the latest financial year. The balance sheet shows a steep decline in current assets and an increase in short-term creditors, indicating potential cash flow problems.

2. Key Concerns:

• Negative Net Current Assets: The reported net current assets have moved from positive £38.7k in 2023 to negative £344.7k in 2024, signaling acute short-term liquidity stress.
• Substantial Creditors: Current liabilities increased dramatically to £405k from £137k, and long-term creditors remain constant at £697k, indicating a heavy debt burden compared to asset levels.
• Declining Fixed and Current Assets: Fixed assets and current assets both sharply decreased year-over-year, suggesting possible asset disposals or operational contraction.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance and good governance in statutory obligations.
• Active Company Status: The company remains active without insolvency proceedings, showing it is still operational.
• Majority Ownership by Holding Company: Control by Finding Somebody Holdings Limited (75-100% share and voting rights) may provide some financial or operational support.

4. Due Diligence Notes:

• Review detailed creditor schedules to understand the nature and terms of the £697k long-term liabilities and £405k current liabilities.
• Investigate cash flow statements or management accounts (not provided) to assess ongoing liquidity and operational cash generation.
• Clarify reasons behind the large decline in current assets and fixed assets in 2024.
• Examine any contingent liabilities or guarantees not disclosed in micro-entity accounts.
• Assess the company’s business model sustainability given the reduced employee count and asset base.