Company Number: 14667611

Analysis Date: 2025-07-19 12:45 UTC

1. Risk Rating: LOW
   Justification: AIRBASH LTD is a newly incorporated private limited company with dormant status and minimal financial activity, indicating no immediate solvency or liquidity concerns. The company's filings are up to date, and it shows a clean regulatory compliance record.

2. Key Concerns:

• Dormant status with minimal financial activity (only £100 cash and net assets), implying no current operational revenue or trading history to assess sustainability.
• Recent multiple name changes within less than two years could indicate strategic uncertainty or rebranding efforts, which may warrant further understanding.
• Ownership concentration with two individuals holding significant control (25-50% shares and voting rights each), which may pose governance risks if not managed properly.

3. Positive Indicators:

• Company status is active with no overdue filings for accounts or confirmation statements, reflecting good regulatory compliance.
• Director is clearly identified with no adverse information or disqualifications noted.
• The company is small and dormant, limiting exposure to operational risk and financial obligations at this stage.

4. Due Diligence Notes:

• Investigate the business plan and intended commercial activities since the company is currently dormant and has no trading history.
• Clarify the reasons behind the two name changes in 2024 to understand strategic direction or restructuring.
• Review the governance framework given the equal significant control by two PSCs to assess decision-making and conflict resolution mechanisms.
• Monitor upcoming filings and any changes in financial activity to detect early signs of operational or financial issues.