BIG RICH PRODUCE LIMITED

Executive Summary

BIG RICH PRODUCE LIMITED is a newly incorporated dormant private company with minimal financial activity and limited cash resources. While compliant with statutory requirements, the absence of trading and recent governance changes represent significant risk factors. Further investigation into business intentions and management stability is recommended before considering any investment exposure.

BIG RICH PRODUCE LIMITED - Analysis Report

Company Number: 15055238

Analysis Date: 2025-07-20 13:38 UTC

1. Risk Rating: HIGH
   Given the company is classified as dormant, with minimal financial activity (cash of £100 and net assets of £100), and no trading history since incorporation in August 2023, the risk profile is high. There is insufficient operational data to assess ongoing business viability or financial stability.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts indicating no significant trading activity, which raises questions about its operational viability and revenue generation capability.
• Minimal Financial Resources: With cash and net assets each at only £100, liquidity is extremely limited, posing a solvency risk if the company were to commence operations without additional funding.
• Director Changes and Control: The sole significant controller (Mr. Bingtao Wang) recently resigned as director (October 1, 2024), replaced by Navdeep Singh Sohi. This change in governance shortly after incorporation could indicate management transitions that require scrutiny.

3. Positive Indicators:

• Compliance: The company is up to date with its statutory filings, including dormant accounts and confirmation statements, with no overdue filings or penalties noted.
• Clear Ownership: Ownership and control are clearly documented with a single PSC owning 75-100% of shares and voting rights, ensuring decision-making clarity.
• No Indications of Insolvency: The company is not in liquidation, administration, or receivership, and remains active on the register.

4. Due Diligence Notes:

• Investigate Business Plan and Funding: Determine the intention behind the dormant status and plans for capital injection or commencement of trading activities.
• Clarify Reason for Director Resignation and Appointment: Understand the rationale for recent director changes and assess the background and capability of the new director.
• Assess Potential Liabilities: Verify if there are any contingent liabilities or commitments not captured in the dormant accounts that could impact solvency upon trading.