Company Number: 13836482

Analysis Date: 2025-07-20 11:34 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position as of the latest accounts and inconsistent current liabilities reporting, which raises solvency concerns. The micro-entity status and lack of employees indicate minimal operational scale and limited business activity, increasing risk.

2. Key Concerns:

• Negative Net Assets: The 2024 accounts show net assets of -£208, indicating liabilities exceed assets, a critical solvency red flag.
• Inconsistent Liabilities Reporting: Discrepancies between reported current liabilities in summary data (£4,000) and detailed notes (-£250) may reflect accounting irregularities or misclassification of debt.
• No Employees or Operational Scale: The company reports zero employees and minimal current assets (~£4k), suggesting limited operations and cash flow generation capability.

3. Positive Indicators:

• Timely Filings: There are no overdue accounts or confirmation statements, indicating compliance with filing requirements.
• Change in Directors and Ownership: Appointment of a new director and updated PSC notifications show active governance and transparency.
• Micro-entity Status: Simplified reporting reduces administrative burden, possibly reflecting a small, focused operation.

4. Due Diligence Notes:

• Clarify Liabilities Figures: Investigate the discrepancy between current liabilities figures reported in summary and notes to accounts to assess the true debt position.
• Review Cash Flow and Funding Sources: Examine bank statements or cash flow statements to understand liquidity trends and ability to meet short-term obligations.
• Assess Business Model and Revenue: Confirm whether the company has ongoing trading activities or is dormant, given zero employees and low asset base.
• Director and PSC Roles: Understand the relationship and control structure among the three PSCs, especially as shareholding percentages appear overlapping or inconsistent.