ASTORIA ENTERPRISES LTD

Risk Rating: HIGH Justification: The company is currently subject to a "Proposal to Strike off," indicating it is in the process of being dissolved and removed from the Companies House register. This is coupled with an overdue confirmation statement, pointing to significant regulatory non-compliance and a likely cessation of operations.

Key Concerns * Imminent Dissolution: The company status "Active - Proposal to Strike off" is a critical red flag. This means an application has been made to dissolve the company. If this is a compulsory strike-off initiated by Companies House due to non-compliance, the company's legal existence is threatened. If it is voluntary, it signals the end of the business. * Regulatory Non-Compliance: The company's confirmation statement is overdue. Failure to file a confirmation statement is frequently the trigger for Companies House to commence a compulsory strike-off process. This demonstrates a breakdown in basic administrative and compliance duties. * Stagnant and Illiquid Financial Profile: The financial history reveals a completely static balance sheet. Net assets and total assets have remained exactly £10,000 for at least a decade. Furthermore, the latest accounts show £10,000 tied up in fixed assets with zero current assets (including zero cash). This lack of liquidity and absence of any revenue generation or asset growth strongly suggests the company is a dormant or non-trading shell rather than an active, viable enterprise.

Positive Indicators * Technical Solvency: On paper, the company is solvent with net assets of £10,000 and no reported current liabilities. There are no immediate indicators of insolvency or creditor pressure in the filed balance sheet. * Stable Capitalization: The share capital remains at £10,000, fully represented in the net assets, indicating the company has not eroded its capital base through accumulated losses. * Accounts Filing Up to Date: Despite the overdue confirmation statement, the company's annual accounts were filed on time and made up to 28 February 2025, showing some ongoing engagement with filing obligations.

Due Diligence Notes * Nature of the Strike-off: It is imperative to determine whether the strike-off proposal was submitted voluntarily by the directors (using form DS01) or if it was initiated compulsorily by the Registrar of Companies due to the overdue confirmation statement. If the latter, the directors will need to remedy the filing breach and apply to suspend the strike-off. * Composition of Fixed Assets: The accounts show £10,000 in fixed assets with no cash. Investigate what this asset consists of—is it an intellectual property right, a property, or merely the uncalled share capital? Understanding the nature of this asset is crucial for assessing any residual value. * Operational Reality vs. SIC Codes: The company lists diverse SIC codes (sale of goods, real estate, and management consultancy), yet the financials show no turnover, cash, or current assets. Further investigation is required to ascertain if any legitimate trading activity is occurring or if the company is purely a dormant vehicle. * Director Backgrounds: Conduct thorough background checks on directors Fabio Giuseppe Acanfora and Nina Rostova, specifically reviewing the Insolvency Service register for any past disqualifications or associations with other failed entities, given the current compliance failures.