Company Number: NI670051

Analysis Date: 2025-07-29 18:14 UTC

1. Risk Rating: HIGH
   Justification: Brexit Oils Limited is classified as a dormant company with minimal financial activity and extremely limited financial resources (£100 in current assets and net assets consistently over multiple years). No trading or operational activity is evident, suggesting no revenue generation or business sustainability. The company’s financial position does not indicate capacity to meet liabilities beyond the nominal balance sheet value.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts for several consecutive years, indicating no active trading or income generation, which raises questions about operational viability.
• Minimal Capitalization: Share capital and net assets stand at only £100, providing no buffer for operational expenses or liabilities, increasing solvency risk.
• Lack of Financial Activity: Consistent repetition of the same minimal asset figures over multiple years suggests no movement in financial position, indicating potential inactivity or non-operational status.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, demonstrating compliance with statutory obligations.
• Single Director with Clear Accountability: Mr. Paul Devlin is the sole director, reducing complexity in governance and oversight.
• No Indication of Insolvency or Enforcement: The company is active and not under liquidation or administration, which means no immediate regulatory or insolvency concerns have arisen.

4. Due Diligence Notes:

• Investigate the intended business purpose of Brexit Oils Limited given its dormant status and lack of operational data.
• Confirm whether the company holds any off-balance sheet commitments or contingent liabilities not reflected in the dormant accounts.
• Assess director’s plans or intentions for activating or dissolving the company to understand future risk exposure.
• Review any related companies or group structure to determine if Brexit Oils Limited serves as a holding or dormant subsidiary.