BROOMFIELD DEVELOPMENTS LTD

1. Risk Rating: HIGH

The company is currently in Liquidation status, indicating it is undergoing a formal closure process and cannot meet its financial obligations. This is the most severe status a company can have while still registered. Combined with significantly overdue statutory filings and an absence of recent financial data, this represents an extremely high-risk proposition for any investor. The company should be considered non-viable for investment purposes.

2. Key Concerns:

• Liquidation Status: The company is in formal liquidation, meaning it is being wound up and ceasing operations. This is the definitive indicator of insolvency. Any engagement with this entity carries near-total risk of capital loss.

• Severe Filing Delinquency: Accounts are over 6 years overdue (last filed for period ending 31 October 2016, due 30 July 2018). The Confirmation Statement is also over 6 years overdue. This suggests a complete breakdown in regulatory compliance and governance, and raises questions about whether financial affairs are being properly administered during the liquidation process.

• Opaque Corporate Structure: The sole Person with Significant Control is Commonwealth Properties Limited, a corporate entity holding over 75% of shares and voting rights. This creates a layered ownership structure that obscures ultimate beneficial ownership and makes it difficult to assess the true controllers' intentions, track record, and financial standing.

3. Positive Indicators:

• Limited positive indicators exist for this entity given its liquidation status. However, it is worth noting that the company has been in existence since 2009, suggesting it operated for approximately 7-8 years before entering distress. The real estate business (SIC 68100) may hold residual asset value depending on the liquidation process, though this cannot be determined from available data.

4. Due Diligence Notes:

• Liquidation Details: Investigate the type of liquidation (voluntary vs. compulsory), the appointed liquidator, and any creditor claims. The liquidator's filings may provide insight into asset recovery prospects and the reasons for failure.

• Director Background: Baron Alexander Deschauer (Canadian national) should be researched for directorships in other entities, particularly any disqualification orders or insolvency involvement. The title "Baron" is unusual and warrants verification of identity and any associated reputational concerns.

• Commonwealth Properties Limited: The corporate PSC should be investigated for its jurisdiction, financial health, and any connections to other insolvent entities. This may reveal patterns of serial insolvency or related-party transactions that contributed to Broomfield Developments' failure.

• Asset Recovery: Determine whether the company held any real estate assets at the point of liquidation and the status of their disposal. Property companies may retain asset value even in liquidation, though creditor claims will typically absorb any recovery.

• Filing Non-Compliance: Clarify whether the overdue filings constitute an offense under the Companies Act 2006 and whether the liquidator has addressed this. The Companies House record may contain compulsory strike-off notices or other regulatory actions.