Company Number: 13963547

Analysis Date: 2025-07-20 11:22 UTC

1. Risk Rating: HIGH
   Given the minimal financial asset base, absence of turnover, and very limited working capital, 28 PIXELS LTD currently presents a high risk profile from a solvency and liquidity perspective. The company’s financial resources appear insufficient to comfortably meet obligations or sustain operations without additional capital or revenue.

2. Key Concerns:

• Minimal Financial Resources: The company reported only £953 in current assets and no liabilities, indicating very limited funds available to support business activities or cover unexpected expenses.
• No Revenue or Operating Activity Evident: The accounts show zero employees and no reported turnover or fixed assets, suggesting the company is either dormant or at a very early developmental stage without sustainable operations.
• Single Director and Shareholder Control: Concentration of control in one individual who owns 75-100% of shares and voting rights may raise governance and continuity risks, especially if that individual’s capacity or commitment changes.

3. Positive Indicators:

• No Overdue Filings or Compliance Issues: The company is current on both accounts and confirmation statement filings, showing adherence to regulatory requirements.
• No Reported Creditors or Liabilities: Absence of debts reduces immediate solvency pressure.
• Clear Industry Classification: The company operates in IT-related sectors (web portals, information technology services, publishing) with potential for growth if business operations develop.

4. Due Diligence Notes:

• Investigate the company’s business model and plans to generate revenue given the lack of financial activity and assets to date.
• Confirm whether the company is actively trading or effectively dormant despite the “active” status.
• Assess the financial support structure, including any external funding or shareholder loans not reflected in the balance sheet.
• Review director’s background and capacity to develop the business given sole control.
• Verify absence of contingent liabilities or off-balance sheet obligations that could impact solvency.