ACCOUNTSBYTES LTD

Executive Summary

ACCOUNTSBYTES LTD is a dormant private limited company recently established in 2023 with no trading history and minimal financial activity. The company maintains good compliance with statutory filing requirements, but the absence of operational data limits assessment of future business viability. Investors should focus on monitoring future trading disclosures and governance given concentrated ownership and control.

ACCOUNTSBYTES LTD - Analysis Report

Company Number: 15220988

Analysis Date: 2025-07-29 13:05 UTC

1. Risk Rating: LOW
   Justification: ACCOUNTSBYTES LTD is a newly incorporated private limited company registered as dormant with minimal financial activity. The company shows a nominal net asset value of £1 and no liabilities, indicating no current financial distress. Compliance filings are up to date with no overdue accounts or confirmation statements.

2. Key Concerns:

• Dormant Status: No trading or operational financial data is available to assess business viability or cash flow generation.
• Limited Financial History: As a company incorporated in late 2023, there is an absence of trading history to evaluate operational stability or solvency over time.
• Single Director and Shareholder Control: Mr. Jay Joshi holds full ownership and directorship, which may concentrate control and increase governance risk if not balanced by other oversight.

3. Positive Indicators:

• Compliance: All statutory filings, including dormant accounts and confirmation statements, are filed on time with no overdue returns, indicating good regulatory compliance.
• Clear Ownership Structure: Ownership and control are transparent, with a sole PSC identified, aiding straightforward due diligence.
• Dormant Company Exemption: The company benefits from dormant company exemptions, reducing administrative burden and audit requirements.

4. Due Diligence Notes:

• Verify intended business plans and timeline for commencement of trading to assess future operational risks.
• Monitor subsequent filings to confirm transition from dormant status and review trading results once available.
• Investigate director’s background and track record, given sole control and responsibility for company management.
• Assess any related party transactions or external funding arrangements planned or in place.