AURECORE LTD

Executive Summary

Aurecore Ltd is a newly established private limited company with minimal financial substance and no trading history, reflected by net assets of £1. While compliant with filing requirements, the company currently carries high solvency and operational risks due to lack of financial data and business activity. Further due diligence on business operations and governance is recommended before considering investment.

AURECORE LTD - Analysis Report

Company Number: 15087912

Analysis Date: 2025-07-20 14:40 UTC

1. Risk Rating: HIGH
   Given the extremely limited financial data and minimal asset base (£1 net assets), the company presents a high risk in terms of solvency and operational sustainability. It is newly incorporated (Aug 2023) with no substantive trading history or financial reserves evident.

2. Key Concerns:

• Lack of Financial Substance: Current assets of £1 and no liabilities suggest no meaningful business operations or financial buffer.
• Newly Formed with No Trading History: Incorporated less than a year ago, no turnover or profit data available to assess operational viability.
• Control and Governance Concentration: Two directors, with one recently appointed and the other resigned, plus PSCs with 75-100% ownership, indicating potential governance concentration risk.

3. Positive Indicators:

• Compliance with Filing: Accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance.
• Micro Entity Filing Exemption: Use of micro-entity regime reduces administrative burden, appropriate for early-stage or small-scale companies.
• No Indication of Insolvency or Liquidation: Company status is active with no signs of distress or formal insolvency proceedings.

4. Due Diligence Notes:

• Investigate the company’s business plan and evidence of operational activity since incorporation.
• Review any cash flow forecasts or funding arrangements to assess ability to meet obligations.
• Clarify the reason for director resignation and the impact on company governance and control.
• Confirm actual business assets, contracts, or intellectual property that might not be reflected in minimal balance sheet figures.