Company Number: 14680094

Analysis Date: 2025-07-29 17:51 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (2023) and classified as dormant with minimal financial activity—current assets and net assets of only £100 and no employees. The company has no operational history or revenue, indicating very limited capacity to meet obligations or sustain operations.

2. Key Concerns:

• Dormant status with negligible financial resources (£100 cash, no other assets) signals lack of liquidity and inability to cover liabilities beyond minimal amounts.
• Absence of trading activity or employees raises questions about operational viability and sustainability in the near term.
• Recent name change from SCRAP IMPORT EXPORT LTD may indicate rebranding or strategic pivot; lack of context on rationale or business plan increases uncertainty.

3. Positive Indicators:

• No overdue filings; accounts and confirmation statements are up to date, showing regulatory compliance.
• Single director and 100% shareholder control concentrated with Mr. Babar Iqbal, which may facilitate swift decision-making.
• Company is private limited with limited liability, reducing shareholder personal risk.

4. Due Diligence Notes:

• Investigate the business plan, intended trading activities, and timeline for commencing operations beyond dormant status.
• Ascertain reasons behind the recent name change and whether this corresponds to a new business strategy or ownership restructure.
• Verify any off-balance sheet obligations or related party transactions not reflected in dormant filing.
• Confirm the source of the initial capital and plans for future funding to support operational launch.