Company Number: OC437338

Analysis Date: 2025-07-29 16:27 UTC

1. Risk Rating: HIGH
   Justification: AM WORKSHOP LLP shows consistent zero net current assets and net assets for the last four reported financial years (2022-2025), with no employees and no profit and loss account filed. This indicates minimal or no trading activity and potential financial dormancy despite active company status, raising significant concerns about ongoing operational viability and solvency.

2. Key Concerns:

• Lack of Financial Substance: Zero net assets and net current assets over multiple years suggest no capital buffer or working capital to meet liabilities, indicating a high solvency risk.
• No Employees and No Profit and Loss Information: The absence of employees and omission of profit and loss accounts may point to no trading activity or business operations, raising questions about the LLP’s sustainability.
• Uncertainty Over Business Activity and Cash Flow: Initial cash balance in 2021 was £6,034, but no subsequent positive net asset movement has been recorded, implying possible inactivity or minimal cash flow generation.

3. Positive Indicators:

• Compliance With Filing Requirements: The LLP is current with both accounts and confirmation statement filings, indicating regulatory compliance and good governance in terms of statutory obligations.
• Stable Registered Office and Member Details: The LLP has maintained its registered office and designated members without changes, reflecting organizational stability at the governance level.
• Small LLP Exemption Utilized Appropriately: The use of the small LLP exemption for accounts preparation is consistent with reported size and suggests the company remains within expected thresholds.

4. Due Diligence Notes:

• Investigate the nature of the LLP’s business activities, including whether it has generated any revenue or commercial transactions since incorporation.
• Confirm the reason for zero net assets and net current assets over multiple years—whether due to dormancy, minimal trading, or other operational factors.
• Clarify the financial arrangements and funding sources for the LLP, including member loans or external financing, if any.
• Review directors’ or members’ intentions and plans for the LLP’s future, including potential cessation, restructuring, or business development.
• Verify absence of undisclosed liabilities or contingent risks that may not be reflected in the financial statements.