Company Number: 12385373

Analysis Date: 2025-07-20 15:38 UTC

1. Risk Rating: LOW

The company is dormant, with negligible financial activity and minimal net assets (£1,000), indicating no operational or financial transactions that would generate solvency or liquidity risks. Dormant status implies no trading liabilities or cash flow concerns at present.

2. Key Concerns:

• Overdue filings: Both annual accounts and confirmation statement filings are overdue, which could lead to penalties or regulatory scrutiny.
• Minimal net assets: While typical for dormant companies, the nominal net assets reflect no operational buffer if business activities were to resume.
• Lack of operational history: Incorporated in 2020 and dormant, there is no financial performance data to assess operational sustainability.

3. Positive Indicators:

• Active company status: The company remains registered and active, with a single director maintaining statutory responsibilities.
• Clear ownership and control: A single person with significant control (PSC) holding 75-100% voting rights indicates straightforward governance.
• Compliance statements in accounts: The latest dormant accounts confirm adherence to small company regime accounting and exemption from audit, showing basic compliance.

4. Due Diligence Notes:

• Investigate reasons for overdue filings and assess risk of enforcement actions or penalties.
• Confirm intention for future trading or continued dormancy to understand potential business plans.
• Review any off-balance sheet liabilities or contingent obligations not captured in dormant accounts.
• Validate director background and any related-party transactions given sole directorship and control.