BYTNAR-PLASTIC LTD
Executive Summary
BYTNAR-PLASTIC LTD is a dormant private limited company with no trading activity and minimal financial exposure. While compliance with filing deadlines is satisfactory, the absence of operations and discrepancies in business descriptions warrant further investigation to assess future viability and operational intentions.
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This analysis is opinion only and should not be interpreted as financial advice.
BYTNAR-PLASTIC LTD - Analysis Report
Risk Rating: LOW
BYTNAR-PLASTIC LTD is currently dormant with minimal financial activity and no overdue filings. The company shows no liabilities or operational transactions, indicating low immediate financial risk.Key Concerns:
- Dormant Status: The company has been dormant since incorporation, suggesting no active trading or revenue generation, which raises concerns about operational sustainability.
- Minimal Share Capital: Share capital stands at only £99, which is very low and may limit financial flexibility if the company were to activate operations.
- Website and Business Description Mismatch: The company’s website and description indicate services related to architecture and structural engineering, which do not align with its registered SIC codes related to plastic manufacturing. This discrepancy could imply outdated or inaccurate public-facing information.
- Positive Indicators:
- Compliance with Filing Requirements: All statutory accounts and confirmation statements are filed on time without any overdue notices or penalties.
- No Liabilities or Negative Equity: The balance sheet shows net assets equal to share capital with no debts, indicating no immediate solvency issues.
- Active Company Status: The company remains active and has not entered liquidation or administration, preserving the option to resume operations.
- Due Diligence Notes:
- Investigate the reason for the dormant status and any plans for future trading or operations.
- Clarify the discrepancy between the SIC codes (plastic manufacturing) and the website content (architectural and engineering services).
- Review the background and other business interests of the sole director, Mr. Piotr Roman Bytnar, to understand potential cross-company relationships or risks.
- Confirm if there are any undisclosed liabilities or contingent obligations not reflected in dormant accounts.
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