AIR SOURCE GROUP LTD

Executive Summary

Air Source Group Ltd demonstrates a high risk profile due to its negligible asset base and lack of operational activity over three years. While compliance with filing requirements is maintained, the company’s financial position and zero employees indicate no active trading or substantive business, raising significant concerns about solvency and sustainability. Further investigation is recommended to clarify the company's purpose and future viability.

AIR SOURCE GROUP LTD - Analysis Report

Company Number: 13827841

Analysis Date: 2025-07-29 19:33 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits extremely limited financial activity with nominal current assets and net assets of only £3 consistently over three years. No employees and no substantive financial data suggest minimal or no operational activity, raising significant concerns about sustainability and financial viability.

2. Key Concerns:

• Solvency Risk: The negligible asset base (£3) indicates the company lacks meaningful resources to meet liabilities or operational costs, risking insolvency if obligations arise.
• Liquidity Concerns: Current assets equal to £3 imply no liquid resources to cover any short-term liabilities or cash flow needs.
• Operational Stability: Zero employees and no reported turnover or expenses raise questions on whether the company is trading or generating income, threatening ongoing viability.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue reports, reflecting good regulatory adherence.
• Clear Ownership and Governance: The company has three directors and three persons with significant control, all British nationals with clear appointments and no red flags noted in director conduct.
• Company Status: The company remains active and is not in liquidation or administration.

4. Due Diligence Notes:

• Investigate the nature of the company’s business activities given classification as a holding company but no operational data or revenue.
• Confirm if the company is dormant or effectively inactive despite being registered as active.
• Review any off-balance-sheet commitments or related-party transactions not disclosed in micro-entity filings.
• Assess the intentions of the shareholders and directors regarding future business plans or reasons for maintaining the company with no apparent trading.