ARENDAL SPIRIT UK LIMITED

Executive Summary

ARENDAL SPIRIT UK LIMITED remains a dormant private limited company with nominal net assets and no trading history. Compliance with filing requirements is consistent, but the lack of operational activity and minimal equity base pose inherent risks to liquidity and solvency should the company commence business. The strong shareholder backing and governance structure provide a foundation for future development, pending further due diligence on business intentions.

ARENDAL SPIRIT UK LIMITED - Analysis Report

Company Number: SC685633

Analysis Date: 2025-07-29 19:50 UTC

1. Risk Rating: LOW
   The company is classified as dormant with minimal financial activity, no liabilities reported, and no overdue filings. Share capital and net assets remain nominal at £1, indicating no operational transactions or financial obligations so far.

2. Key Concerns:

• Dormant status implies no current trading or revenue, raising questions about operational viability and business model sustainability.
• Minimal equity and asset base (£1) means the company has very limited financial buffer if it starts trading or incurs obligations.
• The ownership is tightly controlled by two entities with significant control, which may limit external investor influence and present concentration risk.

3. Positive Indicators:

• No overdue accounts or confirmation statements, demonstrating compliance with statutory filing requirements.
• Directors hold relevant professional backgrounds (lawyer and company secretary), suggesting competent governance.
• Ownership by established corporate entities (Brookfield Asset Management Inc. and Altera Infrastructure Arendal Holdings Limited) could provide financial backing if the company transitions to active status.

4. Due Diligence Notes:

• Investigate the business plan or intended activities to understand future operational prospects and timing for activation from dormant status.
• Confirm whether there are any contingent liabilities or off-balance-sheet obligations not reflected in dormant accounts.
• Review the relationship and contractual arrangements with the controlling shareholders to assess potential capital injections or operational support.