Company Number: 12520005

Analysis Date: 2025-07-29 12:08 UTC

1. Risk Rating: LOW
   The company is classified as dormant with no reported trading activity or liabilities, indicating minimal financial risk. The net assets and shareholders' funds remain nominal at £1, consistent with a non-trading entity. There are no overdue filings or compliance issues noted.

2. Key Concerns:

• Lack of Trading Activity: The company has been dormant since incorporation, which may limit its operational viability and ability to generate revenue.
• Minimal Share Capital and Equity: With only £1 in share capital and net assets, the company has no financial buffer to absorb losses or invest in growth.
• Absence of PSC Information: No persons with significant control are disclosed, potentially impacting transparency and governance assessments.

3. Positive Indicators:

• Up-to-Date Filings: Both accounts and confirmation statements are filed on time with no overdue penalties.
• Active Status: The company remains registered as active and not in liquidation or administration.
• Clear Director and Secretary Information: The same individual serves as sole director and secretary, providing clarity on management, albeit limited.

4. Due Diligence Notes:

• Investigate Reason for Dormancy: Confirm whether the company intends to commence trading or remain dormant indefinitely.
• Review Director’s Plans: Understand the business rationale and future strategy from the director, given the plumbing industry SIC code.
• Verify Ownership Structure: Clarify who controls the company since no PSCs are recorded, which could be relevant for risk and compliance evaluation.