Company Number: 13127887

Analysis Date: 2025-07-19 12:26 UTC

1. Risk Rating: HIGH
   The company demonstrates significant solvency and liquidity risks, evidenced by persistent and substantial net liabilities exceeding £25,000 and current liabilities surpassing current assets by a large margin. The absence of employees and a negative net asset position raise serious concerns about operational sustainability.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficiency: The company has net liabilities of approximately £25,830 as of the latest accounts, with current liabilities (~£25,456) vastly exceeding current assets (£1), indicating an inability to meet short-term obligations.
• No Reported Income or Employees: The accounts show zero employees and minimal asset base, suggesting limited or no ongoing trading activity which undermines operational stability.
• Micro-Entity Filing with No Profit and Loss Account Filed: While compliant with micro-entity filing exemptions, the lack of detailed financial performance data limits transparency and assessment of business viability.

3. Positive Indicators:

• Up-to-Date Filings and Compliance: The company is current with its annual accounts and confirmation statement filing deadlines, indicating adherence to statutory requirements and regulatory compliance.
• Clear Ownership and Control Structure: Significant control is clearly documented, with a single shareholder holding 75-100% of shares and directors identified, which supports governance transparency.
• No Indication of Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership, suggesting no formal insolvency process is underway.

4. Due Diligence Notes:

• Investigate the nature and settlement plans for the substantial current liabilities given the absence of corresponding current assets.
• Review any off-balance-sheet arrangements or related party transactions that might affect liquidity or solvency.
• Clarify the company's business model and revenue generation strategy given the lack of employees and minimal asset base.
• Confirm whether the company has access to external funding or guarantees that support ongoing operations.
• Assess the directors’ plans to restore financial health or manage creditor obligations.