ASV ASSETS LTD

Executive Summary

ASV ASSETS LTD is a dormant private limited company with minimal financial activity and assets, controlled entirely by one director/shareholder. While compliant with filing requirements, the lack of operational and financial substance presents high solvency and sustainability risks. Further inquiry is recommended to clarify business intentions and governance quality.

ASV ASSETS LTD - Analysis Report

Company Number: 13863830

Analysis Date: 2025-07-20 15:30 UTC

1. Risk Rating: HIGH
   Given the company's dormant status, minimal asset base, and no trading activity, there is a significant risk regarding solvency and operational sustainability. The absence of financial activity limits the company’s ability to meet obligations beyond nominal levels.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts, indicating no trading or income generation, which raises questions about operational viability and future revenue streams.
• Minimal Financial Base: With net assets and cash at only £1, the company lacks financial resources to cover liabilities or unexpected expenses, posing a solvency risk.
• Single Director and Shareholder Control: Full control by one individual (Mr. Amrik Singh Photay) without apparent oversight may increase governance risks and concentration of decision-making.

3. Positive Indicators:

• Up-to-Date Filing Compliance: The company is current with its accounts and confirmation statement filings, demonstrating regulatory compliance and good standing with Companies House.
• Clear Ownership Structure: The sole person with significant control is clearly identified, which simplifies accountability and transparency.
• No Overdue Filings or Penalties: No late filings or penalties are reported, reducing regulatory compliance risk.

4. Due Diligence Notes:

• Investigate the company’s intended business plans or reasons for dormancy to assess future viability and strategy.
• Confirm whether the company holds any contingent liabilities or off-balance sheet obligations not reflected in dormant accounts.
• Assess the background and reputation of the sole director/shareholder to understand governance and management quality.