ALTESA LTD

Executive Summary

ALTESA LTD is a dormant micro-entity with sustained negative net assets and limited current assets, raising significant solvency and liquidity concerns. While statutory compliance is maintained, the absence of trading activity and ongoing creditor obligations pose operational sustainability risks. Further due diligence into creditor terms and future business intentions is recommended to assess recovery prospects.

ALTESA LTD - Analysis Report

Company Number: 12539088

Analysis Date: 2025-07-29 18:25 UTC

1. Risk Rating: HIGH
   Justification: ALTESA LTD has reported consistent net liabilities (£-80) and negative shareholders’ funds over the past four years. The company is categorized as dormant with negligible current assets (£20) and significant long-term creditors (£100). Despite no trading activity, the persistent negative equity and creditor position suggest solvency concerns.

2. Key Concerns:

• Persistent negative net assets and shareholders’ funds indicating erosion of capital and potential insolvency risk.
• Dormant status with minimal current assets (£20) versus long-term creditors (£100), raising questions about the company’s ability to meet obligations.
• Lack of trading activity and zero turnover for multiple years, which challenges operational sustainability and cash flow generation.

3. Positive Indicators:

• Up-to-date statutory filings with no overdue accounts or confirmation statements, indicating compliance with filing requirements.
• Sole director and person with significant control is identified and consistent, suggesting stable governance structure.
• Micro-entity reporting and exemption from audit reduce administrative burden and costs.

4. Due Diligence Notes:

• Clarify the nature and terms of the £100 creditors due after more than one year to assess repayment risk and any contingent liabilities.
• Investigate reason for persistent negative equity and whether there are plans for recapitalization or debt restructuring.
• Confirm the company’s intended future business activities given its dormant status and absence of employees or turnover.
• Review any inter-company balances or related party transactions not disclosed in the accounts.
• Validate the accuracy of the dormant status given the presence of creditors and nominal current assets.