29 NORWICH AVENUE MANAGEMENT COMPANY LIMITED

Executive Summary

29 Norwich Avenue Management Company Limited is a recently formed private limited company engaged in real estate management but currently non-trading with nominal financial figures and no cash reserves. While compliant with filing requirements and holding an asset in property, the company’s extremely limited capitalization and lack of trading activity indicate a high risk profile requiring further investigation into asset value and operational plans.

29 NORWICH AVENUE MANAGEMENT COMPANY LIMITED - Analysis Report

Company Number: 14362893

Analysis Date: 2025-07-29 16:37 UTC

1. Risk Rating: HIGH
   The company shows extremely minimal financial activity and asset base, with net assets of only £3 and no reported cash at the latest year-end. It has no employees and is non-trading, which raises significant concerns about its ability to meet obligations or sustain operations.

2. Key Concerns:

• Minimal Financial Substance: The balance sheet shows net assets of just £3 and zero cash at the most recent year-end, indicating no liquidity to cover liabilities or operational expenses.
• Non-Trading Status: The accounts confirm the company was non-trading throughout the current and previous periods, suggesting no revenue generation or business activity.
• Limited Capitalization: The share capital is nominal (£3), implying very limited equity investment and financial backing.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with its accounts and confirmation statement filings, with no overdue returns or accounts.
• Management Structure: The company has appointed directors and persons with significant control documented, indicating governance structures are in place.
• Asset Holding: The company holds a freehold interest in three flats, which may represent some underlying asset value, although recorded at cost of £3 which is nominal and likely not reflecting market value.

4. Due Diligence Notes:

• Verify Asset Valuation: Investigate the actual market value and legal status of the freehold interest in the three flats, given the nominal £3 book value.
• Confirm Operational Intent: Clarify the business model and plans for trading or revenue generation since incorporation, as the company is currently non-trading.
• Assess Financial Support: Determine if there are external financial arrangements, guarantees, or related party support not reflected in the accounts that could affect solvency.
• Review Directors’ Backgrounds: Although no disqualifications or adverse records are noted, understanding the directors’ experience in real estate management companies may provide insight into operational capability.