Company Number: 15202716

Analysis Date: 2025-07-29 19:35 UTC

1. Risk Rating: HIGH
   Given the company’s status as dormant with minimal net assets (£110) and no trading activity, the risk of insolvency or liquidity issues is inherently high if it were to commence operations without additional capital injection or revenue.

2. Key Concerns:

• Dormant Status and Minimal Financial Activity: The company has filed dormant accounts, indicating no trading or generated income, which implies no current cash flow or operational revenue.
• Very Low Net Assets: Shareholders’ funds and net assets stand at just £110, which is insignificant to support any operational activities or financial obligations.
• Single Director and Shareholder Concentration: Control is fully vested in one individual, Mr. Lee Christopher Barnard, which may limit governance and introduce concentration risk.

3. Positive Indicators:

• Compliance with Filing Requirements: The company’s accounts and confirmation statement filings are up to date, with no overdue filings or penalties, demonstrating regulatory compliance at this stage.
• Clear Ownership and Control Structure: The sole director and 100% shareholder are identified, reducing ambiguity about control and responsibility.
• Incorporation and Status: The company is active and not subject to liquidation, administration, or receivership proceedings.

4. Due Diligence Notes:

• Business Plan and Capitalization: Investigate whether there is a strategic plan for commencing trading and how the company will be capitalized to support operations.
• Director’s Background and Intent: Review the director’s experience and intentions regarding business activities, especially given the dormant status so far.
• Future Financial Projections: Request financial forecasts and cash flow models to assess potential liquidity and solvency risks once trading begins.
• Related Party Transactions: Ascertain if there are any inter-company or related party arrangements planned or in place that may affect financial stability.