Company Number: 12828258

Analysis Date: 2025-07-20 12:03 UTC

1. Risk Rating: HIGH
   Justification: The company shows extremely minimal financial activity with net current assets and net assets consistently at £100, reflecting only the nominal share capital. No employees, no recorded profit and loss, and no significant operational data suggest the company is dormant or inactive in practical terms, despite its active registration status. This raises concerns about its ability to meet obligations and sustain operations.

2. Key Concerns:

• Lack of Financial Substance: The balance sheet shows no working capital beyond the nominal share capital, indicating no operational cash flow or assets to cover liabilities.
• No Employees and No Profit & Loss Data: The absence of employees and non-submission of profit and loss account to Companies House limits insight into any trading activity or revenue generation.
• Limited Disclosure on Operations: The company operates in the retail sale via mail order or internet sector but provides no evidence of actual trading, raising questions on business viability and sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date and filed within deadlines, reflecting good regulatory compliance.
• Consistent Accounting Policies: The financial statements comply with FRS 102 Section 1A for small entities without material departures, indicating adherence to accounting standards.
• Clear Governance: Two directors have remained consistent since incorporation, and no adverse director conduct records are noted.

4. Due Diligence Notes:

• Investigate the nature and scale of actual trading activities or if the company is effectively dormant despite active status.
• Review any off-balance-sheet arrangements or related party transactions not disclosed in the accounts.
• Confirm the source of funding and cash flows to understand how the company meets operational expenses, if any.
• Verify whether the company intends to expand operations or is maintained for holding purposes only.
• Assess directors’ plans or business model for future sustainability.