Company Number: 12801390

Analysis Date: 2025-07-20 11:45 UTC

1. Risk Rating: HIGH
   The company is rated high risk primarily due to its dormant status with virtually no financial activity or assets, minimal equity, and lack of operational data. This indicates it is not currently generating revenue or sustaining business operations.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts consistently, showing no trading activity or financial transactions, raising solvency and liquidity concerns.
• Minimal Financial Resources: The balance sheet reveals only £1 in cash and net assets, indicating no financial buffer to meet liabilities or support operations.
• Director Changes and Control: One director resigned recently; the company is controlled almost entirely by two individuals with overlapping substantial control, which could pose governance risks if not managed properly.

3. Positive Indicators:

• Compliance with Filings: The company has made all required filings on time, including accounts and confirmation statements, indicating adherence to regulatory deadlines.
• Clear Ownership Structure: The persons with significant control are clearly identified and documented, supporting transparency in ownership.
• No Indication of Insolvency Proceedings: The company is active and not in liquidation or administration.

4. Due Diligence Notes:

• Confirm the company’s intended business operations and plans for activation, since it remains dormant since incorporation.
• Investigate reasons behind the recent director resignation and whether it affects governance or operational capacity.
• Assess any off-balance sheet liabilities or contingent obligations not reflected in dormant accounts.
• Review the relationship between the two controlling individuals to understand decision-making and risk concentration.
• Verify whether the company has any pending contracts, assets, or liabilities that could impact future financial health.