Company Number: NI668889

Analysis Date: 2025-07-20 12:23 UTC

1. Risk Rating: HIGH

Justification: BESPOKE CANDLES LTD has been dormant since incorporation in 2020, filing dormant accounts consistently with minimal financial activity (net assets and shareholder funds remain at £1). There is no evidence of trading, revenue generation, or operational activity that would support ongoing business viability or financial stability. The company’s sole director and 100% shareholder is Mr. Patrick Laurence Duggan.

2. Key Concerns:

• Dormant Status and No Trading Activity: The company has not commenced trading or generated any income, which raises concerns about operational sustainability or business viability.
• Minimal Financial Substance: Share capital and net assets stand at only £1, indicating no capital injection or asset base to meet obligations if any arise.
• Limited Financial Transparency: Filing dormant accounts means there is no detailed financial information available to assess liquidity or solvency beyond the nominal figures.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with statutory filings (accounts and confirmation statement), indicating good regulatory compliance.
• Clear Ownership and Governance: Single director and 100% shareholder control provide straightforward governance and decision-making.
• Active Website and Market Presence: The company maintains an active website with a business description and social media presence, suggesting readiness or intention to operate commercially.

4. Due Diligence Notes:

• Investigate the company’s plans for activating trading operations and timeline for commencement of business activities.
• Confirm whether there have been any off-balance-sheet transactions or commitments not disclosed in dormant accounts.
• Verify the financial resources and external funding available to support startup costs or operational expenses once trading begins.
• Assess any risks related to the sole director’s experience and capacity to manage the business effectively.
• Review potential liabilities or obligations not captured in the dormant accounts, such as leases, contracts, or contingent liabilities.