ASK TAX LIMITED

Executive Summary

ASK TAX LIMITED is a dormant private limited company with minimal financial activity and a straightforward ownership structure. There are currently no concerns regarding compliance or solvency, but the absence of trading history limits assessment of operational stability. Prospective investors should focus on understanding the company’s planned business activities and monitor future financial disclosures closely.

ASK TAX LIMITED - Analysis Report

Company Number: 14594086

Analysis Date: 2025-07-29 14:34 UTC

1. Risk Rating: LOW
   Justification: ASK TAX LIMITED is a newly incorporated private limited company that has been dormant during its first financial period. Its balance sheet shows minimal activity with nominal current assets (£999) and an equivalent amount in shareholders' funds, reflecting no trading or liabilities. There are no overdue filings or compliance issues, and a single director holds full control, indicating a straightforward governance structure.

2. Key Concerns:

• Limited operational history: Being dormant since incorporation means there is no trading performance or cash flow data to assess business viability.
• Minimal financial activity: Current assets and shareholders' funds are nominal, so the company currently lacks financial substance to meet unforeseen obligations.
• Concentration of control: 100% ownership and control by a single director may pose governance risks if not mitigated by appropriate oversight.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statements) are up to date and not overdue, reducing regulatory risk.
• Clear ownership: The single controlling individual is identified with no disqualifications or adverse records reported.
• Dormant status: The company has preserved resources by not trading, avoiding operational losses or liabilities at this stage.

4. Due Diligence Notes:

• Investigate the business plan or intended operations to understand future trading prospects and capital requirements.
• Confirm the director’s background and capacity to manage and grow the business once operations commence.
• Monitor subsequent filings and financial statements for signs of trading activity, revenue generation, and liquidity position changes.