121 ONLINE LTD

Executive Summary

121 ONLINE LTD currently exhibits high financial risk due to zero operational assets, no employees, and offsetting provisions indicating unresolved capital issues. While filings are current and compliance is maintained, the absence of trading activity and equity undermines solvency and liquidity. Further investigation is warranted to clarify the company’s operational status and financial commitments.

121 ONLINE LTD - Analysis Report

Company Number: 13804199

Analysis Date: 2025-07-29 20:32 UTC

1. Risk Rating: HIGH
   Justification: The company shows zero operational assets, no current assets or liabilities, and net zero equity with a negative provision exactly offsetting the called-up share capital not paid. The absence of financial activity and zero employees indicates no business operations. The financials suggest a shell company or dormant status despite being registered as active. This presents high solvency and liquidity risk.

2. Key Concerns:

• No current or fixed assets and no recorded revenue or cash, implying inability to meet financial obligations or generate income.
• Negative provision matching called-up share capital not paid suggests unresolved capital funding issues or potential accounting inconsistencies.
• No employees and no operational data raise questions about the sustainability and viability of business activities.

3. Positive Indicators:

• Up-to-date statutory filings with no overdue accounts or confirmation statements, reflecting regulatory compliance.
• Single shareholder/director with full control, which may simplify governance and decision-making.
• Micro-entity status reduces reporting burdens, consistent with the company's small scale.

4. Due Diligence Notes:

• Verify the nature of the “provisions for liabilities” and reason for the negative amount equal to called-up share capital not paid.
• Investigate the business model and whether any trading or revenue generation has occurred or is planned.
• Confirm if the company is operational or effectively dormant despite active registration status.
• Review any intercompany loans, guarantees, or off-balance-sheet arrangements that may impact financial health.