Company Number: 13108189

Analysis Date: 2025-07-20 11:55 UTC

1. Risk Rating: HIGH

   Justification: BuildTrace Limited has been dormant since incorporation in 2021, with minimal financial activity—net assets and cash consistently at £1 and no reported revenues or liabilities. The lack of operational or financial data beyond the nominal share capital and cash position indicates the company has no ongoing business activity and no capacity to meet financial obligations should they arise.

2. Key Concerns:

   • Dormant Status with No Trading History: The company has filed dormant accounts consistently, showing no revenue, no assets beyond £1 cash, and no liabilities. This raises concerns about operational viability and sustainability.
   • Absence of Financial Substance: With only £1 in cash and shareholders’ funds, the company lacks financial resources to cover any liabilities or invest in growth.
   • Single Director and Shareholder Concentration: Mr Simon Keith Darbyshire is the sole director and holds 75-100% share ownership, concentrating control and increasing governance risk if the business were to activate.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with statutory filings, including dormant accounts and confirmation statements, with no overdue filings or penalties noted.
   • No Indications of Insolvency or Formal Proceedings: The company is active and not in liquidation, administration, or receivership.
   • Clear Governance Documentation: Directors have acknowledged responsibility for compliance and the accounts are prepared under the small companies regime.

4. Due Diligence Notes:

   • Investigate Purpose and Future Plans: Confirm if the company is intended to remain dormant or is preparing for future trading activities.
   • Review Director Background: Given the sole director’s concentration of control, assess his experience and any history of involvement in other active or dormant companies.
   • Confirm No Undisclosed Liabilities or Commitments: Even dormant companies can have contingent liabilities; verify this is not the case here.