Company Number: 13249597

Analysis Date: 2025-07-20 18:07 UTC

1. Risk Rating: HIGH

Justification: ALGO-CHAIN LTD is classified as dormant with negligible financial activity and nominal net assets (£2). The absence of trading history or operational data indicates an inability to generate revenue or meet obligations beyond minimal statutory requirements.

2. Key Concerns:

• Dormant status with no revenue or operational activity reported since incorporation in 2021, raising concerns about business viability.
• Extremely limited financial resources; net assets and shareholders’ funds stand at £2, indicating no working capital or liquidity.
• Lack of any financial performance metrics or trading data restricts assessment of solvency and operational stability.

3. Positive Indicators:

• Company is currently active and compliant with filing deadlines for accounts and confirmation statements, indicating good regulatory compliance.
• Presence of two directors with clear appointments and no disqualifications reported, suggesting governance structure is intact.
• No overdue filings or penalties noted, which reduces risk of regulatory sanctions.

4. Due Diligence Notes:

• Investigate the company’s business plan or strategy to understand the reasons for dormancy and intentions for future trading.
• Verify availability of external funding or capital injections planned to support operations once active.
• Confirm no undisclosed liabilities or contingent risks that could impact solvency upon commencement of trading.
• Validate directors’ backgrounds and track records in managing dormant or start-up companies within similar sectors.