Company Number: 12828138

Analysis Date: 2025-07-20 12:04 UTC

1. Risk Rating: HIGH
   Justification: The company reports zero current assets, no cash, no debtors, and no current liabilities, with an extremely minimal net asset base of £4 representing nominal share capital. No revenue, profit, or operational data is disclosed. The company has no employees and no tangible or intangible fixed assets. Resignations of three directors recently (March 2025) may indicate instability. The lack of financial substance and operational activity suggests high solvency and liquidity risk.

2. Key Concerns:

• Liquidity and Cash Flow: The accounts show no cash or current assets, indicating the company cannot meet any short-term obligations or fund operations without external support.
• Operational Viability: With no employees, no assets, no recorded revenue or profit, and no detailed profit and loss information filed, there is no evidence of active business operations or sustainability.
• Governance and Management Stability: Recent resignations of three out of four directors in March 2025 leave only one director. This significant board turnover may reflect underlying governance or strategic issues.

3. Positive Indicators:

• Compliance: The company is up to date with its filing obligations; accounts and confirmation statements are filed on time and not overdue.
• Legal Status: The company remains active and is not in liquidation, administration, or receivership.
• Simple Capital Structure: Share capital is minimal but fully paid, reflecting no apparent debt obligations.

4. Due Diligence Notes:

• Investigate why the company has no recorded assets, cash, or trading activity despite being incorporated since 2020.
• Clarify the nature of business operations and revenue generation, if any, given the SIC code for video production activities.
• Inquire about the reasons for the mass director resignations and the current management’s plans moving forward.
• Obtain more detailed financials or management accounts if available to assess any off-balance sheet activities or liabilities.
• Confirm if the company has any contracts, clients, or ongoing projects to support operational stability.