ADVICERUSH LTD
Executive Summary
ADVICERUSH LTD is a micro-entity with minimal financial activity and net assets of only £100, reflecting no trading operations or employees over multiple years. While compliant with filing requirements and currently active, the company presents high solvency and operational risk due to its lack of substantive business activity. Further due diligence is needed to clarify its business purpose and financial viability.
View Full Analysis Report →Company Analysis
This analysis is opinion only and should not be interpreted as financial advice.
ADVICERUSH LTD - Analysis Report
Risk Rating: HIGH
Justification: The company shows extremely minimal financial activity with only £100 in current assets and net assets consistently over four years. No revenues, profits, or employees are reported, indicating no substantive trading operations. Such a financial profile signals a high risk of insolvency or operational failure if the company intends to trade.Key Concerns:
- Minimal Financial Substance: Net assets of only £100 and no growth or operations reflected over four years suggest the company is either dormant or non-trading, raising solvency concerns if liabilities arise.
- Lack of Revenue or Employees: Absence of turnover or staff indicates no active business operations, which questions the sustainability and viability of the company.
- Single Director & Shareholder Control: Full control by one individual (Mr Abdul Sattar) may present governance risks, including limited oversight or succession planning.
- Positive Indicators:
- Compliance with Filing Requirements: No overdue accounts or confirmation statement filings, showing adherence to statutory obligations.
- Company Status Active: The company remains registered and active, not in liquidation or administration.
- Micro Entity Reporting: Utilizes simplified reporting suitable for a small-scale entity, reducing administrative burden.
- Due Diligence Notes:
- Investigate the company’s business model and actual trading activity beyond the accounts to clarify if it is dormant or a non-operating entity.
- Verify existence of any off-balance sheet liabilities or commitments not disclosed in the accounts.
- Assess the director’s plans for the company, including any capital injections, contracts, or future trading intentions.
- Review any related party transactions or financial support that may not appear in the simplified accounts.
- Confirm whether the company’s minimal capital is sufficient to meet any foreseeable obligations or liabilities.
More Company Information
Recently Viewed
Follow Company
- Receive an alert email on changes to financial status
- Early indications of liquidity problems
- Warns when company reporting is overdue
- Free service, no spam emails Follow this company