ACTIVE POLARIS LTD

Executive Summary

ACTIVE POLARIS LTD shows significant financial weakness characterized by negative net assets and working capital deficits over several years, compounded by a dormant classification suggesting minimal or no trading activity. While regulatory filings are current, the company’s operational and financial sustainability appear highly uncertain without further capital infusion or business activity. Investors should exercise caution and conduct detailed due diligence before engagement.

ACTIVE POLARIS LTD - Analysis Report

Company Number: 13001150

Analysis Date: 2025-07-29 20:04 UTC

1. Risk Rating: HIGH
   The company exhibits a persistently negative net asset position and net current liabilities over multiple years, indicating significant solvency and liquidity concerns despite being classified as micro-entity. The dormant SIC code suggests inactivity, raising questions about operational viability and financial sustainability.

2. Key Concerns:

• Negative Net Assets and Working Capital: Net current liabilities of £245 and negative shareholders’ funds indicate inability to cover short-term debts from current assets.
• Dormant Company Classification: The SIC code 99999 implies no significant trading activity, which may reflect a lack of revenue generation or business operations.
• Minimal Share Capital and Single Director Control: Share capital of only £1 and sole ownership/control by one director could limit financial resources and governance oversight.

3. Positive Indicators:

• Compliance with Filing Obligations: Accounts and confirmation statements are up to date with no overdue filings, reflecting good regulatory compliance.
• Micro-Entity Reporting Exemption Used Appropriately: The company files under micro-entity provisions, consistent with its size, which reduces administrative burden.
• Single Employee/Director Model: Operational simplicity may reduce overhead costs.

4. Due Diligence Notes:

• Investigate the company’s business activity and reason for dormant SIC classification despite being active, to clarify operational status.
• Review any off-balance sheet liabilities or contingent obligations that may exacerbate financial risk.
• Assess cash flow projections and planned funding sources to understand how the company intends to address the persistent negative net assets.
• Confirm the background and financial capacity of the sole director/ultimate controller to support the company going forward.