Company Number: 14935047

Analysis Date: 2025-07-29 15:32 UTC

1. Risk Rating: HIGH
   The company shows no net current assets, net assets, or shareholders’ funds as at the latest financial year end, indicating a lack of capital base or operational activity. It is newly incorporated (June 2023) with no employees and no recorded trading or financial data beyond a nil balance sheet, raising significant concerns about its operational viability and financial health.

2. Key Concerns:

• Lack of Financial Activity: The accounts as of 30 September 2024 show zero net assets and zero net current assets, indicating no capital investment or business operations generating assets or income.
• No Employees or Operational Scale: The company reports zero employees and minimal business history, which implies it may not have commenced trading or is not yet operational.
• Single Director and PSC Concentration: Complete ownership and control by one individual (Mr. Dean Anthony Smith) concentrates risk, with no evidence of broader governance or management resources.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current with its accounts and confirmation statement filings, showing adherence to regulatory obligations.
• Clear Industry Classification: The SIC code 43220 accurately reflects its intended trade (plumbing, heat and air-conditioning installation), indicating clarity in business focus.
• No Adverse Status: The company is active with no liquidation, administration, or receivership proceedings underway.

4. Due Diligence Notes:

• Investigate whether the company has commenced trading since incorporation or is still in a pre-operational phase.
• Review any underlying business plans, contracts, or pipeline clients to assess future revenue potential and capital requirements.
• Assess the director’s background and financial standing to understand capacity to fund and manage the company during its early stages.
• Clarify the absence of fixed assets or working capital, and whether the company intends to raise funds or secure credit facilities.
• Confirm the reason for absence of profit and loss accounts and any planned audit or external financial review.