Company Number: 12504823

Analysis Date: 2025-07-29 17:10 UTC

1. Risk Rating: HIGH
   The company’s financial data indicates extremely minimal activity or scale, with net assets and current assets consistently at £1 over multiple years. This suggests there are no significant operational or financial resources, raising solvency and liquidity concerns.

2. Key Concerns:

• Minimal Financial Substance: Net assets and current assets remain at £1 across five years, indicating the company likely holds no meaningful cash, receivables, inventory, or fixed assets. This raises concerns about the ability to meet liabilities or fund operations.
• No Reported Employees or Profit & Loss Data: The company reports zero employees and does not file a profit and loss account, showing limited or no operational activity. This questions business sustainability.
• Single Director and Shareholder Control: Full ownership and control by a single individual (Mr. Anatolijs Rizijs) without other management or oversight may increase governance and operational risk.

3. Positive Indicators:

• Timely Compliance: The company is up to date with filings, including confirmation statements and annual accounts, demonstrating regulatory compliance.
• Active Status: The company is active and not in liquidation or administration, indicating no formal insolvency proceedings.
• Clear Ownership and Control: PSC information is transparent and consistent, reducing uncertainty about ultimate control.

4. Due Diligence Notes:

• Investigate the nature of the company’s business activities given the absence of meaningful financial data or employees.
• Confirm if the company is a holding entity or dormant in practical terms despite “active” status.
• Review any off-balance-sheet assets or liabilities, or related party transactions that may not be reflected in the minimal accounts.
• Assess the business plan or future contracts to understand if there is intent or capacity for operational scale-up.
• Verify whether the director’s occupation as an HGV driver relates to operational control or if the company is a vehicle for other purposes.