Risk Analysis: BOOTH MECHANICAL SERVICES LIMITED

1. Risk Rating: LOW

Justification: This is a dormant, non-trading company with minimal financial exposure. Net assets of £10,000 match share capital with no liabilities recorded. The company appears to be a dormant entity within a larger corporate group structure, holding minimal risk as a standalone vehicle. However, the unusual governance structure for a dormant entity warrants clarification.

2. Key Concerns

1. Disproportionate Board Structure: Eight directors and six secretaries for a dormant company that has never traded is highly anomalous. This suggests the entity serves as a group vehicle where officers hold appointments across multiple related companies, but it creates governance complexity and potential conflicts of interest that should be understood.

2. Overlapping PSC Declarations: Both Forviva Group Ltd and Liberty Group Investments Limited are declared as holding more than 75% of shares and voting rights. This is mathematically impossible unless there is a chain of ownership (e.g., one entity controls the other, which in turn controls this company). The duplicate PSC entries for Liberty Group Investments Limited also suggest possible administrative error in the PSC register.

3. Dormant Status vs. SIC Classification: The company is registered under SIC code 43220 (Plumbing, heat and air-conditioning installation) and has filed as dormant with a declaration that it has never traded since incorporation in 1989. While not inherently problematic, this mismatch between stated business purpose and actual activity should be understood in context.

3. Positive Indicators

• Strong Filing Compliance: Accounts and confirmation statements are current with no overdue filings. The accounting reference date has been updated to 31 December (from 31 March), and the next accounts are not due until September 2027.

• No Liabilities: The balance sheet shows zero liabilities with cash assets exactly matching share capital, indicating no creditor exposure or debt obligations.

• Longevity: Incorporated in 1989, the company has maintained registration for over 35 years without insolvency events or dissolution proceedings, suggesting stable custodianship within its group structure.

• No Director Disqualifications: Available records show no disqualification orders against current officers.

4. Due Diligence Notes

1. Group Structure Mapping: Investigate the relationship between Forviva Group Ltd and Liberty Group Investments Limited. Determine whether this company is a dormant subsidiary held for future use, intellectual property holding, or another structural purpose within the group.

2. PSC Register Accuracy: The duplicate entry for Liberty Group Investments Limited and the overlapping ownership percentages should be clarified with the company. Request the full PSC register and constitutional documents to understand the actual control structure.

3. Officer Capacity: Clarify whether the eight directors have active roles or are appointed for group-level governance reasons. Multiple officers with positions across group entities is common in larger construction and facilities management groups, but understanding their specific mandates is important.

4. Future Intent: Determine whether there are plans to activate this company for trading purposes, given its mechanical services SIC classification and the nature of the parent group's likely activities.

5. Related Entity Financial Health: Since this entity's risk profile is inherently tied to its parent(s), the financial stability of Forviva Group Ltd and Liberty Group Investments Limited should be assessed as part of any broader evaluation.