Company Number: 13052530

Analysis Date: 2025-07-20 13:00 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and net current liabilities, indicating insolvency risk despite being dormant. The financial position has not improved over four years, and current liabilities exceed current assets by £294 consistently.

2. Key Concerns:

• Solvency Risk: Negative net assets (£-294) and liabilities exceeding assets signal inability to cover debts from available resources.
• Operational Inactivity: Dormant status with zero employees and minimal assets suggests no current trading or income generation, raising sustainability concerns.
• Financial Stability: Repeated identical figures over multiple years suggest stagnation without improvement or growth, potentially masking unresolved financial issues.

3. Positive Indicators:

• Compliance: No overdue filings for accounts or confirmation statements indicate regulatory compliance and good governance in terms of statutory reporting.
• Limited Exposure: Small scale with minimal share capital (£100) and no employees reduces operational complexity and external financial risk exposure.
• Active Status: Company remains active, which may indicate intent to resume operations or maintain the corporate vehicle.

4. Due Diligence Notes:

• Investigate the nature and origin of current liabilities consistently reported at £300, including creditor identity and terms.
• Confirm the company’s business plans or intentions given the dormant status and lack of operational activity.
• Review director’s disclosures and any related party transactions that might explain recurring negative equity.
• Assess potential contingent liabilities or off-balance-sheet risks not disclosed in the accounts.
• Verify if any external funding or shareholder support exists to cover liabilities or facilitate future operations.