B1 SPACE LTD

Executive Summary

B1 Space Ltd is a dormant micro-entity with negligible financial activity and minimal capital, indicating high risk from an operational and financial perspective. While it remains compliant with filing requirements and is not under insolvency, the lack of trading history and financial substance presents significant concerns for investors. Further due diligence is advised to clarify the company’s future intentions and any hidden liabilities.

B1 SPACE LTD - Analysis Report

Company Number: 13028702

Analysis Date: 2025-07-20 18:23 UTC

1. Risk Rating: HIGH
   The company is rated high risk due to its dormant status, negligible financial activity, and minimal financial substance as evidenced by consistent current assets and shareholders’ funds of only £1. This indicates the company has not engaged in any trading or generated revenues since incorporation.

2. Key Concerns:

• Dormant Status Over Multiple Years: The company has not traded or generated income for at least four financial years, raising concerns about operational viability and future prospects.
• Minimal Financial Resources: With only £1 in current assets and shareholders’ funds, the company lacks liquidity and capital to meet any potential obligations or to fund operations.
• Lack of Financial Activity and Transparency: The absence of a profit and loss account and the director’s election not to include one limits insight into any financial transactions or commitments, which complicates risk assessment.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statements, reducing regulatory compliance risk.
• Single Director with Clear Accountability: The presence of a sole director, Mr. Toby Scott Whittaker, who has been continuously in position since incorporation, provides a clear point of control.
• No Indication of Insolvency or Liquidation: The company is active and not undergoing any formal insolvency procedures.

4. Due Diligence Notes:

• Investigate the company’s strategic intent and future plans given the dormant status and lack of trading history.
• Confirm whether the company holds any off-balance sheet liabilities or contingent obligations that may not be reflected in dormant accounts.
• Assess the background and intentions of the director and any associated entities to understand the underlying purpose of maintaining the company.
• Verify whether the company owns any real estate or other assets linked to its SIC code (other letting and operating of own or leased real estate), which might not be reflected in current asset values.