BHULLAR PROJECTS LTD

Executive Summary

Bhullar Projects Ltd is a newly formed dormant entity with minimal financial resources and no trading activity. While it meets filing obligations and has a straightforward ownership structure, the lack of operational data and financial substance presents significant solvency and liquidity risks. Further due diligence is needed to evaluate the company’s business plans and funding prospects before considering investment.

BHULLAR PROJECTS LTD - Analysis Report

Company Number: 14684720

Analysis Date: 2025-07-29 14:52 UTC

1. Risk Rating: HIGH
   Justification: Bhullar Projects Ltd is a newly incorporated company (Feb 2023) that has filed dormant accounts for its first financial year, showing minimal assets (£100) and no trading activity or employees. Its financial position is extremely limited, with negligible working capital and no revenue or profit figures disclosed. This indicates a high risk from a solvency and liquidity perspective at this early stage.

2. Key Concerns:

• Dormant Status and Lack of Trading: The company has not commenced trading, raising questions about operational viability and the timeline for generating sustainable revenues.
• Minimal Financial Resources: With net assets and shareholders' funds of only £100, the company has virtually no financial cushion to absorb losses or fund operations.
• Single Director and Shareholder Control: The entire shareholding and control rests with one individual, which may pose governance and continuity risks should circumstances change for this person.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed its dormant accounts and confirmation statements on time, indicating awareness of regulatory obligations.
• Clear Ownership and Control Structure: The 75-100% ownership by the sole director provides clear accountability and decision-making authority.
• Industry Classification: Registered under construction of domestic buildings, which may present market opportunities if/when the company becomes operational.

4. Due Diligence Notes:

• Investigate Business Plan and Funding: Clarify the company's intended operations, funding sources, and timeline for commencement of trading activities.
• Confirm No Undisclosed Liabilities: Review any off-balance sheet or contingent liabilities that may impact solvency once trading begins.
• Director Background and Capacity: Assess the director’s experience in construction and capacity to sustain the company through its early development phase.